All Forum Posts by: Brandon Shaffer

All great information!

 Thanks so much, Melissa! If you don't mind me asking, did you buy 100% of each property using the HELOCs, or did you use something else to augment the purchases?

Hey BP! My wife and I are now up to three properties and are brainstorming some of the creative ways to raise/leverage capital. I have about $160k in equity from my first home and am considering a HELOC in order to hunt down some BRRRRs this year. I'd love to hear some of the success stories in the community on this strategy, and also some lessons learned/cautions that you may have with a HELOC. This will be new for us, so just want to do my due diligence. Any advice is greatly appreciated!

@Raylene Luckett Froman Thanks for the suggestion. I’ve heard Pueblo a few times now, so I may have to start doing some more research.

@Jessica Schenk we are really just looking at whatever the market gives us. We have a few SFHs at the moment, and would be happy to either purchase another or get into a multi family to house hack for a bit down the road.

@Andrew Rosenberg thanks for the suggestion! I’ll reach out for sure.

This is gold. Congratulations!

Thanks for all of the responses! We’ve been getting settled in our new home, but will be looking for the next property shortly after. We currently have two SFHs in the Springs and then a third home in Fountain. Hoping to get a multi family by the end of the year, but we’ll see how this market looks. Also open to some of the surrounding areas if anyone has found success there.

@Andrew Rosenberg Sorry if I’m late to the party. I have been with Byrne Management for quite some time now for two of my properties. They have been great for me. No affiliation, just who I’ve been using. Feel free to pm me if I can help in any way.

Hey BP! Just moved to Colorado Springs and would love to meet some fellow investors/BP members in the area. I am a part time investor looking to expand my portfolio. Please feel free to reach out.