Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

In any case, I doubt many people on BP would want to buy properties in Switzerland given the very low returns that can be achieved there.

I can see if you're BRRRR'ing 3 times a year, and maybe I'll get to that eventually, but starting out I feel stupid asking an agent to help me find properties for $10-20k, like why would they want to do that if the commission is so low?

It's crucial to choose a market with steady job growth, low vacancy rates, and tenant demand.

More competition equals less income per cabin.It's possible you can grab a cabin at a low price from someone who bought at the peak in 2022,  Just do your homework and be sure you can make your ROI before you enter this market.

For $50,000 you can have a turnkey low-income Section 8 rental property that generates $7,500/year in NOI.

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

And at the time I considered them low rates.

A few showings, one low ball...but this time of year in that area, things just slow down. 

If you've got people fighting over your listing and competition trying to get into the unit, then you're too low.