I have enough in the HELOC to purchase and rehab most of the properties I am looking at, so I was wondering if you all could provide some advice for using the HELOC for the BRRRR and ensuring the rehab amount appears on the HUD for ease of refinancing once the rehab is complete.Or, is that something I made up in my head? 

CheersI would think yours is at least option # 2 and possibly heading towards #3. 

So for those of you just getting your first one done, keep your heads up and keep grinding!  

Thank you for the heads up @Jim K.!

They would have to give you a substantial amount upfront, to make it worth your while.  

Kept my head in it and got it done.

Hey we received off market financials on a 64 bedroom student housing building.We have been heads down looking at apartments so this is a little outside our zone.But we were curious if we’re underwriting this how do we go about it since they are charging per room?

Also as for rate move even on less rate sensitive markets substantial change in market over last three weeks so if they don’t have a lock option like traditional loan that move is not surprising.

Just figure that you'll most likely need a substantial amount of sand to do the entire house.

However I think you may also want to consider the position you put a short seller in (they are usually heading to foreclosure), when you tie up their property with a contract you yourself cannot close on, and you have to rely on finding yet another buyer to actually close.