#362: How a Couple Used a HELOC to Buy their 4th Rental Property

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: https://www.coachcarson.com/rpm 🎙️ 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  https://podcasts.apple.com/us/podcast/339-how-to-estimate-repair-cost-for-your-next-rental/id1448707654?i=1000652540659 📄 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/ -------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-pod  🖥️ Learn with Coach (Courses, Books & more): https://www.CoachCarson.com  👋 Connect with Me: 📸 https://www.instagram.com/coachchadcarson   👍 https://www.facebook.com/coachchadcarson  🐦 https://twitter.com/CoachChadCarson 💰 DealMachine – Software to help you buy more real estate deals:  https://www.coachcarson.com/dealmachine