Buy & Hold properties

[Lynn Anthony]

I am looking to BRRRR my first property. However, I am looking for ways to do it without being a slumlord. I need some assistance with how to get creative financially in order to keep scaling a rental property portfolio. Can some of you experienced investors shed some light on scenario below? Would greatly appreciate it!

Let's say I buy a property for 150k, only needs cosmetic repairs. I plan to buy & hold with this property. I have a $100k HELOC. If I use the HELOC and a conventional loan to purchase the property, I know if I go to refinance in 6 mths to a year, I will not have a huge increase in the ARV because it only needed cosmetic repairs. How do I turn around and pay off the HELOC so that I can have the money to purchase a 2nd property? Even if I did a hard money lender I would be in the same boat. Just curious if other investors have been able to find a way around this seeing as I don't have the capital yet. Thank you.