Balancing the budget to make impactful upgrades while avoiding overspending was key to our success.

The HELOC will provide flexibility to draw funds you need for rehab and the purchase of the property, whereas on a HELOAN you will be paying interest payments on the entire balance from day 1. 

The right wholesaler that knows how to properly calculate a SOW (scope of work) to gain the rehab budget, generate an ARV from local comps and not want to get rich on every deal is NOT easy to find....but, they do exist.

Garry's book is on my list, I already read rich dad poor dad a few years ago although I might reread it once I have a empty list.I aim to invest in my first property within the next 2 years, and I keep my savings high while keeping a balance of fun and saving.

You can also see the number of posts someone has made on the site and balance that against the number of upvotes.

Here are a few tips that might help as you get started:Market Analysis: Since you're open to out-of-state investing, look for markets with steady population growth, job diversity, and a balance between rent prices and local wages—those factors often hint at stability and demand.

I’m collaborating with an investor who can help cover the remaining balance, but since the property isn’t in the best shape, and maybe fairly priced, but I’m evaluating how much room I might have to negotiate.

Proper setup from the start can prevent major issues and ensure you're profiting from the start!

I’m looking for an investor-focused realtor in Edmonton who understands the importance of balancing risk, ROI, and cash flow.

I would be interested to hear from investors in areas like Arlington or Dallas proper where it has really locked down on STR regulations and hear how their transition to MTR has gone for them.