It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!

So if you were netting the $300/month - your PM just made over 73% of your profit off of your unit for the year.

You are probably better off going with one that has a branch you can visit and get to know the management.

I plan to BRRRR this property to pay off the seller and get my money out and was wondering if you anyone has any suggestions on banks that can do refinances for mobile homes.

I do this as there is so many different ways persons choose to do such, so many different fee structures, so I keep it off and I tell clients UP FRONT to keep that in mind and add what is specific to there situation.   

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

@Nik Verret Airbnb and VRBO should be sufficient as you start off.

@Richa Wardhan every investor has to find their own answer to your basic question - focus on portfolio growth or paying off what you have.Portfolio Growth leverages your money using loans and tenants paying off these loans.

Yes, I have investors actively buying STRS on O'ahu at this time and they are planning to make money off of these investments.  2.  

I looked at numerous live-in flip opportunities.