Not sure if that's a good rate or not if we went that direction.My father in law has encouraged us to go ahead and lock into a conventional mortgage, but my concern there is the appraisal, as the house in its current condition may not appraise for the sale price.

In a podcast I listened to recently, Brandon said that he gets a conventional mortgage and then titles the property in his LLC after closing (they discuss the possible implications of doing so in that podcast).I’m not aware of any local banks in Evansville that will do a 30 year amortization on a portfolio loan, so I’d be interested to hear if you find one.Since you’re new to the area, I encourage you to take a good look at the property taxes and how they’re taxed differently for rental property in Indiana.

Anyone looking to sell quick or just looking to unload a property at a deal?

Interest only HELOC is good if you do flipping or BRRRR when you can quickly sell or refinance to avoid HELOC rates spiking.We got HELOC with American Heritage credit union.

I would also add on that you should ask them what deals they have closed in the past and ask them for some details on those deals so that you can see what numbers they work with, their level of detail, and if their deals make sense to you, because as you will see in this industry there are a lot of people who think they can make a quick buck and have absolutely no idea about finding a reasonable ARV, repair estimates ballpark, and/or calculate closing/holding/financing fees that buyers will incur.Also, make sure that they actually have the original contract to the house if they're assigning it to you because some people try to wholesale other wholesalers' deals and it's a mess.

Good Afternoon Investors,When quick screening potential BRRRR deals, many variables can be found online such as after repair value, market rent and property taxes. 

Big goals like investing in real state don't happen quickly, they hard work, persistence, and most importantly patience.

Here and now I expect to get a new tenant very quickly, and will not hold a unit empty for more than a week or so. 

We strive to make the process quick and beneficial. 

Thank you all for the quick replies.