@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

Effectively no, otherwise everyone would do it and there would be no rent controlled buildings.If the property becomes vacant there are scenarios you can remove it from rent control. 

They say that they focus on the BRRR method, they handle the rehab (usually 90 days) and manage the properties.

Refinanced in 2023 and cashed out $40,000 to reinvest○ Address -  Mount Laurel NJ. 05054○ Managed by a property manager.○ Purchase Date - 10-15-2020○ Purchase Price - $230,000○ Original CoC 4.8%○ Current CoC 15.04%○ Current Value - $400,000How did you finance this deal?

Owner will need an Annual Owner Statement from your acconting system, reflecting those gross collected amounts and all expenses, including your management fees.

You can eventually move out and buy another property and continue to hold the property as a rental. 3.

What goals do you hope to achieve through this property?

One property went for almost $100,000, before increased interest in real estate investing, that property would have sold for a high of $50,000 maybe less. 

The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?