I will be using a hard money lender, so I'm prepared to pay out a lot in fees.Loan Amount: 100k @ 6 MONTHS HOLDING PERIOD           ARV 165KPURCHASE PRICE 60K                                                                 REHAB BUDGET 30K           FIXED COST=36.8K @ 6 MONTHS HOLDING PERIOD=165000-60000-30000-36800= 38200PROFIT= 38.2K I'M PUTTING IN ABOUT 25K OF MY OWN CASH TO PAY FOR THE FIXED COST AND REHAB RESERVES. 

My intent was to pass on if using a HELOC, to check with your lender to see if you have to close your HELOC to have the loan approved.This was my first time doing the BRRRR method and I have learned a lot.

So, it came time to remodel my downstairs apartment how to get this done quickly so I ended up using a contractor to replace my tub & walls.

When I want to keep my spending under control I do things like: creating and following a written budget, only using cash for impulse purchases, using a debit card for purchases instead of a credit card.

If using a lender this is a non issue.

Investment Info:  3br / 1ba Condo in BostonBefore / After Photo GalleryPurchase price: $225,000Cash invested: $98,250The downpayment totaled $56,250 which I paid for using a HELOC on my primary residence.

When I went to a Dodd-Frank training seminar they suggested using a loan officer (you may need to pay them a few bucks) if you aren't comfortable with doing it yourself.

By using a W8-BEN form, you can reduce the withholding tax rate to 10%.All the best on your investing journey!

Was I only unsuccessful because I was inquiring about using a RE house to buy a primary house?  

Many in CA haev to think really hard about using a LLC.Converting rental income into salary is a pretty advanced technique.