For properties like these, the condition and price often don’t warrant upfront financial vetting, and too many barriers can add friction to the process.When it comes to lead times, I agree they’re essential for occupied homes—if tenants are involved, a 12-24 hour heads-up allows everyone to prepare.

It was enough time to put together an overnight bag with a few essentials, and Torres told the woman she could come back for bigger items later.

The latter will typically cost you more, as there are two sets of closing costs and the front side will pass their cost on to you, so you pay twice essentially.

Understanding how to source and underwrite deals is essential to BRRRR properly.

And thanks for the adherence to principles intended to keep BP free from “disguised” bias, @Scott Trench.  

They maintain access to the house managers and meetings, and while we make the transition to independent living as seamless as possible, they are essentially on their own. 

Standard heloc cost on a 100k @ 5%, 10 year term(int and principle)= 67k in interest.  

It gets tricky to get deals to pencil out with 100% financing essentially, so you would want to make sure you're all in at no more than 65% of the ARV and have a deal you can be in and out of pretty quickly especially if you're using something like a business loan or credit.

I might use the HELOC as an emergency fund knowing if I tap into it I now have to aggressively pay it down.Then main thing is you don't want to overleverage any property and if you use a second mortgage to buy a property, you are essentially 100% leveraged on that property.

A professional property manager can protect your investment by ensuring everything is handled legally and fairly.Maintenance and Repairs: Routine maintenance is essential for keeping properties in good condition and maintaining property value.