Start by scheduling a walk-through to assess the property and confirm renovation needs.

Basically, flip partnerships suck unless you spend a long time being clear about the roles and payouts, etc.

I’m reaching out to you, the seasoned investors, for guidance as I work toward making my first acquisition.So far, I’ve analyzed over 100 deals to assess their viability and profitability, and I understand the law of percentages in CRE.

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

You are basically asking how to wholesale, but that's too long of a question to answer.

It’s an attached HPR, basically a duplex that is zoned as two single family homes.

they are a non accredited pay to play orginization.. while they do some nice meet ups and have basic info.. does not mean that any lender that pays to be a member is a better lender than the thousands of us that are not members..

A real basic guess is 30 houses each cashflowing $1,000/month.In Metro Detroit, this means $1500+ in rent, with the difference convering taxes, insurance, maintenance and vacancy - NO MORTGAGE!

This is for basic informational purposes I am not an attorney and this is not legal advice.First, if you offer to purchase a property using a HELOC to fund the purchase you cannot later back out of the agreement because you couldn't find PML or investors.  

I've heard stories on the podcast of financing 75% conventionally through the bank and basically doing seller financing on the down payment, so 25% to them.