I'm doing a lot of promotion in the Miami area of my listings so I'm compiling a list of buyers.

After 5 years in the business I’m starting to get a few word of mouth referrals which is how I closed my last property which was my first off market deal.

Local property managers or agents can often provide trusted referrals, and real estate meetups are also great for connections.Wishing you the best!

Derek Schronk Derek are you still with RentRedi if so do you mind sharing the Referral code Referral Link Referral Link Referral Link

Promote Structure - This is usually if you guys have 1 person who handles the majority of the business and the day-to-day operations.

First off I took the realtors suggestion and listed with the property management company he promoted to me.

Current HELOC rates are typically 8-10% depending on your credit and lender, though some banks offer promotional rates.

-------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

It is a standard conventional loan and was offered as a promotional financing by builder at the rate of 5% for investors.