Chicagoland RE investor hopeful

[Ann Warren]

Hi there! My name is Annie. I bought my first home at 23 in 2010 in the suburbs of Chicago at the bottom of the market with an FHA for about 99k, with 3% down. I suppose I “house hacked” without realizing because I decided shortly after moving in I wanted to move to the city, so I began renting out my home. It’s currently appraising for $160s so I’ve decided to take it a HELOC to or a down payment on another rental property, should get about $45k. I’m really excited to get started and I’m hoping these forums will bolster my enthusiasm. I’m trying to get to the bottom of HELOC money “seasoning” because once I get access to the cash I really don’t want to wait for two more months to make a deal! So trying to figure out a way around that. Any feedback or support is welcome and appreciated. Looking forward to working within this community!! Cheers, Annie