Purchase price: $650,000 Cash invested: $192,000 Sale price: $1,350,000 Contributors: John Whitney, Megan Halter This beautifully remodeled home is perfectly situated above a quiet street in the vibrant Columbia City!

The beauty of HELOCs is that you can take it out and hold it without penalty until you're ready to use it.

I have spent a lot of time getting the house ready for new renters (all new electrical, major plumbing repair, beautiful paint, landscaping, etc) and now that I have done it all, I realize I don't want to even own the house anymore.

Purchase price: $280,000 Cash invested: $102,000 Sale price: $475,000 Contributors: John Whitney, Katie Kepler Beautiful updated one-story home on a large lot and quiet street!

Purchase price: $575,000 Cash invested: $78,000 Sale price: $775,000 Contributors: Dominic Turco, Jennifer Haffner View this beautiful remodeled North Tacoma home introducing spacious and bright open floor plan, plus additional large finished lower level with a 2nd kitchen and full bath.

I don't add in social security when I'm 70 -- that's icing on the cake and outside my planning parameters.The beauty of real estate and my attraction to it as a 'late comer' after running my own business and trying the 'retirement side gig' for a while is precisely what you suggest -- what if a RE portfolio would net that $33k in beer money instead?

So the way I look at BRRRR is I'm just looking at it as buying a rental but giving myself the chance to (1) buy cheap (2) fix everything so there are no unexpected costs and then (3) now that I have a beautiful, newly maintained property I can refi some cash out. 

Enjoy fully fenced, outdoor entertaining spacious patio and built-in wood grill on the beautiful level lot.

Lake Havasu City is a beautiful town, but a party town in the summer which can bring many problems.

Kept original charm but modernized the property with all new HVAC, converted from duplex back to SFR, all new windows, hardwood floors throughout, all new kitchen, 4 full baths, 5 bedrooms, beautifully landscaped and painted.