Another thing I am doing right now is looking for a mentor to help with my strategy, but in the meantime I thought I'd make a post and hear what BP investors would do in my shoes.For my situation, I am 26 and I have a very low income (55-65k annual) for my household and a growing family of 5 to support.

Yes, sometimes there is big buys or whatever and a bit of a balance is carried but I NEVER, N-E-V-E-R get cozy with carrying a balance, paying at minimum or holding a financed balance for 90 days or more.

Then it is going to be a tsunami of sellers and a bunch of idiots on the news crying that they got ripped off by much smarter people who at some point will decide they've made enough money off the commoners that it is time to dump it.

I think you need a little more education and a mindset shift.Real estate investing is a fairly simple process.

How you renovate will be different for a flip and a BRRRR.

Glad to hear you’ve got the property fully occupied now and a better management team in place.

If you are planning to pay the HELOC back after each flip but then draw it right back out to buy the next one, you will have a loan balance most of the time and a refinance might work just as well for you.

Before myself and a few other builder developers jumped in.. it was hard to sell anything in those blocks of town..

Websites like Zillow and Redfin can help you find these, and a local realtor can provide valuable insights on the market.Don’t hesitate to ask the community for advice on specific properties!

It is a community, an experience, and a journey.