a a long term house hack for the heloc???

[John T kemper]

hey guys i wanted to give you my scenario and get some feed back ....  first off our goal is to accumulate cashflowing sfhs and 2 units.   we have a good income property now and have been renting a place to live...  our family is growing and our children need some of their own dirt to play with... plenty of options...  however we only have enough cash for one more property.

our next step could be buying a duplex with a yard ( could get really annoying)

or buying a very undermarket value single family house with a nice yard that we could actually see ourselves in for 5-10 years,  put a lot of sweat equity into it right away and borrow against the equity.  I'm in construction so i can do most things and this would get our children a place.  we wouldn't have to keep moving which is very hard for a family of 6.

we are very much leaning to this strategy...  the heloc financing is relatively inexpensive.