A lot of people get started this way2) If you already own a primary residence (IE - you already have a home), you can utilize a 'second home' mortgage.

@Anna Bee a successful BRRRR has a lot more to do with adding value / boosting the ARV than with the interest rate of the refinance; the interest rate of the refinance is of course relevant but it's not one of the primary factors that is going to make or break the BRRRR.You will likely not be able to BRRRR a condo or townhouse that is in decent shape - there is no way to get the ARV up.Check out Tarl Yarber's videos on BiggerPockets - he invests in BRRRRs in WA.

I have an idea and wanted to know if it was at all valid.I currently don't have any properties and was going to start wholesaling to increase my capital to then be able to buy and hold rentals.My new idea is that I can get a property that needs some rehab but can still be financed through a mortgage, take my time remodeling it while having it as my primary residence, then rent it out, refinance it and start the process again with another property and do that a few times till I have enough to buy properties with all cash or hard money. 

So 9 months ago I set a goal to pay off my primary residence. $280k later I have accomplished this goal.

We are looking to do a HELOC on our primary residence in TX in order to tap into some of the equity. 

Jessa,Your better off using the equity of the primary and doing a cash our refinance. 

If you sell now you'll walk away with a lot of money but depending on the specifics of your job you may or may not have to put a significant portion of it back into purchasing a new primary residence, you'll likely be purchasing high as well if it's within the next 6 months.

If the rental income/investment is the primary driver of the purchase, you might've been better served to consider another town on MDI or just off island, where the percentage of STRs isn't yet high enough to trigger these kinds of proposals. 

I can get a $52k HELOC on my primary residence and $15k in a SDIRA.I was thinking of buying $80k-$100k multifamilys in Cleveland, Ohio with 25% down on each.I’m trying to calculate what to have in reserves and the timeline for scaling. 

Hello Bigger Pockets Community,I have a unique situation on my hands wherein my family is looking to purchase a cabin for our family to use recreationally but also to utilize the property as an AIRBNB for a significant portion of the year (Rented Less than 50% of the year as the 2nd Home mortgage dictates).The only issue is that the property is 39 miles from my primary residence (< the required 50 miles for a 2nd Home mortgage).