Sep 23, 2024
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🎙️ Episode #362 – Kelli and her husband used a $223K HELOC to turn a distressed property with mold and water issues into a $2,750/month rental. By staying under budget and securing a higher appraisal, they successfully executed their BRRRR strategy. Kelli shares the secrets behind their success and offers practical advice for aspiring investors!
▶️ Next Episode: How to Estimate Repair Costs for Your Next Rental Property
📄 Show Notes:
https://www.coachcarson.com/helocbrrrr/
🎬 Timestamps:
00:00 - Meet the couple who took out a $223K HELOC
01:32 - Kelli’s Rental Portfolio & Real Estate Investment Journey
04:34 - Using a HELOC for Property Investment
06:15 - What is a HELOC?
08:56 - Finding the New Property
12:14 - Numbers and Budget for their New Property
15:02 - Property Inspection and Challenges
18:09 - Repair Stories and Project Management
21:49 - Property Before & After
24:02 - Financial Details and Refinancing
29:39 - Renting the Property and Final Advice
36:50 - How to Estimate Repair Costs
🔗 Connect with Kelli on Instagram:
https://www.instagram.com/the.d.i.y.duo/
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