All Forum Posts by: Parker Bullard

Exactly. Everywhere I've looked south of I-20 is renting for about 0.75% of purchase price. A rent payment isn't enough to cover the DSCR payment, HELOC payment, tax, insurance, and maintenance. If it could even break even, I'd be fine not cash flowing as long as I was building equity. But it's looking like a long-term rental is not going to be the best approach for the area I'm looking at.

I'm looking to purchase my first investment property and need help figuring out a strategy that will work for me. I have about $300k in equity (based on a BPO performed in July 2023) but no cash. Whatever I do, I would need to do with a HELOC—effectively financing 100% of the property (down payment and closing financed with HELOC, rest of purchase financed with a mortgage).

But I'm having trouble finding any properties that I could rent, BRRRR, or flip where I would even break even—let alone clear a profit or cash flow.

My question is: When you hear that I'm essentially doing 100% financing, does that make it clear to anyone what strategy would be best? Does that make anyone think, "If you're not bringing any capital to the table then you probably want to avoid this strategy or you probably want to go with this kind of investment"?