If you’re able to stay flexible and learn as you go, I’m sure you’ll gain valuable insights and make progress toward your goals.

It sounds like you’re setting up for a solid multifam portfolio—between you and your dad, the combined entitlements give you a lot of flexibility.

Does anyone know if there is any flexibility here, including if I can keep the HELOC if I have had it for 12 months (so stayed in the Primary Residence for a year after the HELOC started)?

Sometimes it’s about being a little flexible on location or property type.But enough about me: Where do you see your first property purchase happening, and what’s your biggest question right now about making that leap?

Your situation offers a lot of flexibility, which is a great position to be in.

We have used our flexible saving to pay down mortgage on the property with the highest interest rate.

My job is flexible which I think would be important when trying to manage my first property so thats why .

Hi Joe,I think going with a LOC is going to provide you with more flexibility than going through the process of obtaining financing for a purchase transaction.

The key will be to remain flexible, understand the local market dynamics, and position themselves to take advantage of the eventual boom when the project comes to life in 2025.

Your answer could guide whether flexibility or fixed rates are the way to go!