If you don't have the cash for a 5% down payment then doing a HELOC might make you over leveraged, but everyone's situation is unique, having access to it might help you to have access to more capital if you needed it in a pinch.

Any thoughts on other alternatives or experience doing short term rentals even with HOA  restrictions? 

Test drive the tech products - part of the BP pro membership is access to our amazing tools like Market Finder, Deal Finder, Rental Calculators, etc.

Remember there are a lot of restrictions in Fort Worth and Arlington. 

Are you finding more investors turning to private money lenders for quicker access to capital?

As a lender who specializes in financing for real estate investors, I understand the unique needs of the BRRRR strategy and can offer tailored solutions to fit your goals.Here’s how I can support you:Flexible Financing Options: Various loan products designed specifically for investors like you, allowing for quick access to funds for purchases and renovations without the stringent requirements of traditional lenders.Experience with BRRRR: Having worked with many investors using the BRRRR method, I can guide you through the financing process, ensuring you understand the best strategies for maximizing your returns.Quick Turnaround: With a streamlined application process and quick approvals, you can move fast when you find the right property.Personalized Support: I’m committed to building strong relationships with my clients.

In return I can offer access to MLS information(Realtor), Sweat equity(maybe you need help in one of your flips), Bird dogging, or even listing any properties for you in return for your guidance. looking forward to connect with the community.

His Screening parameters were not as restrictive. do you need to adjust your screening parameters?

This lets you access your home’s value without touching your savings, and the rates are typically lower than what you'd get with a hard money loan.Many first-time flippers also turn to hard money lenders, who focus on the property’s value and the flip's potential rather than your personal credit.

Hey @Katie Casper, check each municipality for the regs.There have been a lot of restrictions put in place depending on the area.There have been some lawsuits flying around in Conway so do your diligence.Bartlett is hard to read, but there are a ton of folks working to ban STRs in the area.