With regards to our flipping model, we usually stick to our model of purchasing project houses under $180k but the market had been extremely competitive and supply was limited; it also seemed like a great deal on paper so we ended up closing on it for $212,750 (all in).

I thought, something is not right with this model. 

We can model scenarios as we go, however we are curious in learning about some of the various techniques used with HELOC.

In a hot market you can get a higher return by doing this instead of wholesaling at the beginning.

Plus, I'm guessing like most coastal markets, the one you are looking in is fairly hot at the moment.

Does this option work with BRRR model?

Due to these factors I'm thinking about getting out while the markets hot because I think these issues will hurt it if I have to sell in a softer market.

Most of the lists you pull will be over saturated by everyone else because it is such a hot market.

Retail is moving to an "amazon resistant model" Think service-based locations where you get your medication, pick up food, or an escape room.

Again, this makes sense to me even in this hot Portland market but let me know what you all think!