I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC.

I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC.

I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC.

A good mortgage broker or banker can advise you on the details ...OK ... this is my beef with the Podcasts and success stories like these ... most of the time if you study them carefully, the person with the success story is what I would consider a newbie ... they may have a few deals under their belt, but have only been in this business a few years, so all they've ever seen from a RE market is green pastures, they haven't lived through a downturn.

Beef up your lease.

So that brings me to my updated calculator with an adjusted rent increase of 2% annually, a beefed up utilities allocation of $150/mo, as well as upping the maintenance to $1200 annually up from $1000.So if those numbers prove to be correct, then that brings my initial cash flow down under $50/mo for the first year which is territory I don't necessarily want to be in.

What is your beef with going block?  

@Daniel Eisman, start here: https://click2mail.com/by-product/postcardsOnce you choose your card size/style you will create an account and the site will walk you through it from there.Good luck!

It's a byproduct of mailing to absentee owners.

Plus if I wanted to I could post my deals on other sites such as Craigslist, Facebook, Zillow, etc....I know you have a beef with wholesalers in FL & possibly wholesalers in general, but all of us aren't out there ripping off & lying to sellers.