Using a HELOC on investment property is a good strategy, DM me with any questions.

Hey BP team! I have a rental house I purchased all cash, half from a cash out refi on a previous rental and half savings. The rehab is almost done and I’ll be getting it appraised where I’ll be able to pull out around...

/pros/cons in regards to development strategies for your property. 

It's nice when it does, sure, but in most cases it takes years of saving and investing LOTS OF YOUR OWN MONEY to start.Once you have some cash in the game there's plenty of stuff you can do to generate more money, like BRRRR, selling properties that have appreciated, more targeted flips done with your money to raise more money, working with hard-money lenders using your real estate as security, and the list gets longer and longer the more properties you have and the more experienced you become.But the number of people who get into this at first through wholesaling and flipping and successfully make money at these two no-money-down strategies, enough to move on to buying investment properties with the cash their business generates, is really quite small in most markets.

As I'm trying to approach this with a solid strategy, here's where I stand and what I'm contemplating:1.

Looking to connect with local community members who have high standards and great work ethic so we can learn, build partnerships and make some money together :) - fellow investors to exchange knowledge, partner on deals, etc (both local and out of state)- investor friendly lenders who can provide holistic service across different loan types- investor friendly real estate agents that I can partner with (mainly on acquisition)- serious wholesalers with solid deals- GCs, trades people, builders of new homes and ADUs- inspectorsI am early in the journey and considering a number of strategies, would love to learn what has or has not worked in the past, and maybe even create some new playbooks together in this ever-changing market.cheers,Max

During the first year, I utilized a house-hacking strategy, renting out bedrooms while living on-site.

Maybe those bets pay off, maybe you get burned and now have to make up for those losses to get back to even and then keep going to get ahead.If you are planning on investing for the long term, just remember, that the average single family needs north of $400/mo reserved to replace the roof every 25 yrs, repaint the exterior every 15 or so years, HVAC every 10-15 years, flooring, interior paint, kitchen remodels to keep rents high, bathroom remodels, new decks, fences, retaining walls, garage door openers,...  

Exit strategy is refinance 800k, the projected rent roll is 10k to 15k. 

They're the kind of pros who can dig into your plan, give it a good shake, and offer smart advice on everything from portfolio strategies to tax stuff.Sounds like it could be a game changer for you, right?