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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

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:

Instagram: https://www.instagram.com/the.d.i.y.duo/

 

____________________________________________________________________

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30 Days to a Better Rental Investor:
https://www.coachcarson.com/30days

Creative Financing for Real Estate Investors:
https://www.coachcarson.com/creativefinancing

 

My Books:

📘 The Small & Mighty Real Estate Investor

📙 Retire Early with Real Estate

https://www.coachcarson.com/books-pod

 

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

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🐦 https://twitter.com/CoachChadCarson

 

💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine

 

🌐 For everything else: https://www.coachcarson.com