I'm moving home to California (San Luis Obispo) and want to see if it can be done.

Hey Everybody,I am trying to get started doing BRRRs in northwest Indiana, but I have never done a BRRR before. Really, I want to get started but there is so much information out there that I am trying to make sure I ...

@Vlad Krokhmal and @Ben Beddick our real estate brokerage firm Wayfinder Homes specializes in working with real estate investors.

Doing a cash out refinance to recoup invested dollars is more difficult due to home values not increasing at 15% YoY.  

You can do a ‘cash out’ refinance on the rental home as a permanent fixed 20-25-30 year loan to pay off the Heloc on the primary and most likely the equity line on the primary permits a ‘re-draw’ to utilize again. 

All commercial mortgages have DSCR as a primary component, anything >4 units is commercial, and no one calculates personal DTI on a commercial mortgage (so calling it a "DSCR loan" is a misnomer, if I had a wonky commercial mortgage that calculated DTI and would go for an owner occ SFR, I wouldn't call it a "DTI loan," I would call it a "home loan").

When creating my LLC I was not allowed to use a PO Box and had to use my personal home address.

This situation also affects two of our neighbors who purchased their homes around the same time.

Rental property insurance (or home insurance) doesn't cover floods2.

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.