I want to start sourcing my own deals more effectively. I have a website and need to start driving traffic to my site for deals. I currently have 5 rentals (2 are cash flowing, 3 are being rehabbed/BRRRR'd), 25k in savings, and a HELOC for 100k.
I guess the situation I'm in is either A) I could pay $2,000 for a list and run FB ads for initial marketing or B) save my $2,000 to continue building my reserves in case something happens during the rehab process, so I don't have to dip into my HELOC... but at the same time, if I get a deal from option A, it would likely pay off any initial marketing costs and then some.
What would you do? Play it safe or roll the dice?