Licenses are typically required if you plan to work in a professional real estate role, like as an agent or broker.

The BRRRR strategy can be an effective way to build a real estate portfolio, but it’s important to go in with a clear plan.

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

This could also hurt my debt ratios if I go to borrow on another investment somewhere like my plans for the STR.  

With Amanda Frecks as a partner and a clear plan for strategic improvements, it was the perfect fit for a quick flip and profit.

@Jacob AndersonI've only used my HELOC for investing when I have a quick exit plan.

For down payment, plan to need 30-40%.

I was planning to buy my first property in April of this year, 2022.

****little about the deal that I’m putting together I have a piece of land that that is permit ready plans approved ready to build on held it my property with no lien.