In this episode of the Monopoly Mindset, hosts Tommy Stelzer and Tyler Brown discuss their experiences with real estate investing, focusing on the process of closing HELOCs, navigating property closings, and the importance of appraisals. Tommy shares his story about purchasing two more properties with his company (TDJ), including a church and a huge 8 bedroom college rental. The conversation highlights the challenges and rewards of property renovations, emphasizing the significance of understanding ARV appraisals and budgeting for repairs. In this conversation, Tommy and Tyler discuss the complexities of real estate investment, particularly focusing on the BRRRR strategy, refinancing challenges, and the importance of understanding the appraisal processes. They share their experiences with banks, the impact of business models on financing, and the transition to using DSCR loans when traditional financing may not be an option.