Purchase price: $650,000 Cash invested: $192,000 Sale price: $1,350,000 Contributors: John Whitney, Megan Halter This beautifully remodeled home is perfectly situated above a quiet street in the vibrant Columbia City!

The beauty of HELOCs is that you can take it out and hold it without penalty until you're ready to use it.

I have spent a lot of time getting the house ready for new renters (all new electrical, major plumbing repair, beautiful paint, landscaping, etc) and now that I have done it all, I realize I don't want to even own the house anymore.

Purchase price: $280,000 Cash invested: $102,000 Sale price: $475,000 Contributors: John Whitney, Katie Kepler Beautiful updated one-story home on a large lot and quiet street!

Purchase price: $575,000 Cash invested: $78,000 Sale price: $775,000 Contributors: Dominic Turco, Jennifer Haffner View this beautiful remodeled North Tacoma home introducing spacious and bright open floor plan, plus additional large finished lower level with a 2nd kitchen and full bath.

I don't add in social security when I'm 70 -- that's icing on the cake and outside my planning parameters.The beauty of real estate and my attraction to it as a 'late comer' after running my own business and trying the 'retirement side gig' for a while is precisely what you suggest -- what if a RE portfolio would net that $33k in beer money instead?

So the way I look at BRRRR is I'm just looking at it as buying a rental but giving myself the chance to (1) buy cheap (2) fix everything so there are no unexpected costs and then (3) now that I have a beautiful, newly maintained property I can refi some cash out. 

Enjoy fully fenced, outdoor entertaining spacious patio and built-in wood grill on the beautiful level lot.

However, those of us who served know that there are always a few dirt bags who slip through and make it into the fleet.

Lake Havasu City is a beautiful town, but a party town in the summer which can bring many problems.