How do you properly use a Mortgage Line of Credit in Real Estate?

[Dustin O.]

I am pre-approved for a $130,000 mortgage line of credit. I am trying to use this money as wisely as possible. Currently I am considering starting a Franchise, or continuing investing in Real estate. I can retire in the next 3 years, so this is a very important decision for the future of my family.

Over the last couple of weeks I have considered purchasing a couple SFH, or one larger multifamily complex. I am also concerned about being unaware of the pit falls of a (LOC). I have a strong foundation of real estate knowledge but lack in experience.

Any advice, input, or even an example of how some of the investors would handle this situation would be greatly appreciated. I have looked at some of the older forums and have found some good information. But I am still missing some strong examples.

Thank you,