Hi all, I'm new to BP and have been assertively listening to podcasts and reading BP sponsored books over the last couple of months.  I feel I have a good understanding of the BRRRR strategy, how it works, and the sho...

really appreciate it@Julie Toh I have only bought my first property a year ago with 20% down payment. what is the equity limit on a property to be able to do a HELOC?

Others want the number of permits to be limited like Manitou Springs. 

These include (but not limited to) mortgage payments, taxes, insurance, utilities, HOA fees, etc. that occur during the Rehab period and up until the property is fully rented.2. 

Why limit to Rochester? 

You may want to consider that as an alternative retirement investment vehicle, it has number of advantages over an IRA LLC:Custodian is not required (eliminate all custodian fees)Get checkbook control without the need for an LLC (trust is used as a vehicle to hold 401k plan assets), you have full control over the plan assets as trusteeAvoid expensive CA Franchise tax of $800/yrExempt from UBIT on leveraged real estate Ability to take a personal loan from your 401k, any time, for any reasonContribution limits are 10X higher than an IRA (up to $61,000 for 2018)Tax-free investing using Roth sub-accountAbility to correct a prohibited transaction and moreRegarding your questions about getting a non-recourse loan: this is an asset-based loan so the age of an entity is irrelevant.

Placing buildings on the registry actually restricts what you can do to the building, so it could be considered a limitation to the value.

I personally dont contribute in the Retirement plan right now because I can always resume when I am making more money, and plan to have other kinds of Retirement plan that will let me contribute a lot more than normal limitation for an employed worker. 

Furnace goes bad, you switch it out, chimney goes bad, easy to line it, the brick's modern and hard and so is the mortar, gas lines are minimal and limited to basement and kitchen above at worst, and all the interiors are finished using materials and measurements easily compatible with more modern housing.

When doing your first property, it's hard to buy something that needs lots of work (unless you have lots of free time), so you're stuck looking at undervalued nicer properties that don't stick on the market long.What made it hard for me is that both myself and my wife needed to look at the property before buying, and with kid events every night the time to go look was super limited.