If you can BRRRR, force appreciation, refi, get a HELOC, repeat and hold on for a few years for the market to improve that would be ideal.

Additionally I have about 35% equity in a rental I purchased last year and am working with Pentagon Federal (great bank for military REI HELOCs) to open up a HELOC which would capture 15% (PenFed allows up to 80% LTV HELOCs on investment properties!) 

Have you considered or looked into what it would take to get a HELOC on that property?

Do you have a primary home that a HELOC would be possible?  

(Bonus: wife is happy)- Save off a portion for cap gains and depreciation recap- Remainder (plus some funds from a HELOC I'm getting) will go towards a smaller cashflowing 8-12 unit property in OH, IL, or possibly MI.I really want to go all in but I think I'll gain more from this first deal and having my wife onboard yo show her that this can be done.Thoughts or suggestions?

I usually use my heloc for rehabs or if purchase cash rehab and than refi later

Wouldn't it be harder to do a cash out refi or HELOC if they market was in the dumps?  

We want to take out a HELOC to do the remodeling and repairs to the house.

I have some good resources for private lenders, and I can always pull a heloc on my primary residence to go in and rehab so it’s not just the lenders money at stake.

Hello guys quick question, if i use a Heloc to finance the BRRR strategy, is it true some helocs do NOT allow you to use the funds for rehab or closings costs, and if they do allow it, is there a waiting period for refinancing out of the loan to move onto the next one?