I'm considering using HELOC on personal residence to purchase discounted properties at Sherriff sale using BRRRR strategy.  Any major concerns with this strategy?  Would like to buy at a discount so I could qualify fo...

I actually only re-fi at a local bank so my terms are going to be terrible compared to yours.

Do the owners want wi-fi?

Whether its from your cash out re-fi from the other property or if its private capital.

I always use Jason with Semper Fi but I'm partial to fellow military brothers. https://semperfiinspect.com

David Campbell Scott Carr David a cash out re-fi is going to raise your mortgage payment and cause you to loose money on this house.

Here are the numbers:Listing Price: $350,000Offer Price: $300,000Rehab (including basement bath addition): $15,000ARV: $370,000Assumptions made based on cash offer @ $300,000 and re-fi at 6 mo.Gross Income @ $2100/month (5% vacancy deducted): $23,940Expenses: $5,834 (including $3000 for maintenance & repair)Cap Rate: 5.82%Cash flow @ 4.11% 30 year term 20% down: $4,646 This is obviously not a cash cow but I feel the neighborhood justifies the low initial cashflow since appreciation is skyrocketing.

-Property Value $275k-Remaining Mortgage $130k-15 yr/ 3% interest rate-Rent $2375 -Cash Flow $50/monthProblem is, I tried to work with my mortgage lender to work out a re-fi and pull equity out.

@Bill F. I

Our family member would be able to put up the $58,000  as well as secure the loan for us on this property until we re-fi it out in 2018.I understand reviewing the cash on cash and cashflow etc for our market.