The key is to be comfortable with issues that may arise and understand that it may happen and that the team you work with reacts quickly to resolving these issues. 

It is really helping me to try and get comfortable with this new asset class.Unfortunately I dont seem to be able to PM.I will have to reach out to BP to see what the issue is.Again thanks and thanks!

Are you comfortable having someone wandering around your house?

I truly enjoy inspecting and seeing new designs first hand.

It may not be the greatest way of doing things, but I have to be comfortable spending time there if I am going to invest in a neighborhood.

SOOOO some time goes by and im fairly comfortable with where im at and decide i wanna but the neighbors POS house.

I talk to people every day that are "waiting to see what happens" and "waiting for rates to come down", too many to count.People want to buy property but don't feel comfortable pulling the trigger now with so much uncertainty which has led us to having more inventory since 2010 in Austin.

Small wins are better than none.Realistically as an investor you should get comfortable with the idea of adding some value to the property to "make" a good deal because oftentimes that is necessary.

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

Do you feel comfortable managing the project in your own?