Here are five crucial tips to help you stay profitable and avoid costly mistakes:Buy Smart, Not Just Cheap – In today’s market, finding deep discounts is tough, but focusing on properties with value-add potential is key.

I would greatly appreciate it.Thanks,SG There are lenders out there either with low LTV or high fees  pick your poison

Used owner financing How did you add value to the deal?

@Mario Morales - As some others have said I think the strategy is sound, but the key would be to find a distressed property that you can drive up the value with renovations so that the new value is 25% higher than the purchase price so you pay back your HELOC.

Third, if you don't know the caller, let it go to voicemail and if neither of those work, file a 2nd mortgage lien, payable to you for an amount 5x the value of your home. 

Combination of own capital, hard/private money lenders, partnerships and raising outside capital.How do you add value to these deals?

Just based on the info you provided I would take the loss and move on.

@Sean Regan We provide a breakdown on scoping based on "required" vs "recommended".

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan.