: )Fast forward to 2018 and the ugly truth is that 2.5 years into ownership, the flat roofs and boilers reign supreme over the big fat CALPERS pension that I worked 25 years to earn.   

Yeah I thought my photo made me look a little FAT LOLGood job again Josh keep up the good work Fearless Leader!

It usually goes well for me, because they know I fix violations properly and permanently the first time.

Well if you can do it better get up off your fat bum and go do lead gen, go talk to sellers, get your own damn contracts signed. 

But they prefer to stay in the shadow and expose you to the all storms and thunders while charging fat lump sums from your credit card accounts.

They will say yes.Watch how fat your list grows.

Below is a comparison of the monthly payment on a $100,000 loan based on the interest rate.So, while the HELOC is easier to obtain, it is not what I would call permanent financing.

Usually that conversation starts with our real estate projects and I always mention how we make sure our private money lender is taken care of, and he is fat and happy at 10% return on his money and just wait for a response.  

Your living expenses is probably another $1500 conservatively w/ fat ($2500/mo needed total).

Once we were finished and the property rented we pulled a final draw to get our most of our seed capital back and the loan turned into a permanent 5/1 ARM amortized for 20 yr.This is a different flavor of the same strategy and allows  one to do a BRRR strategy without having all of the Renovation money.Jeff V