HELOC which stands for HOME equity line of credit, is a consumer loan product that is supposed to be used for personal or household, not commercial purposes.

If you need to add those systems they can be incredibly expensive and time consuming to install, especially if you have to deal with current tenants. 

Using the funds to buy a primary will be considered consumer purpose.

Although we do investor loans nationally, we only do consumer loans in FL.

The deal had a very healthy spread and I buffered my budgetary numbers by a significant margin as there are always skeletons in the closet, with the intent of having a GC get there ASAP. 

@Brad Park – 11% return is a healthy return in one year, but it’s really scary now that he’s not continually updating you or you can’t contact him.

The uptick in multi-family construction, with 52 new units being permitted in 2024, underscores a growing preference for apartment living, further supporting upscale conversions or new developments.13210: The sales data shows a 28.5% increase in the price of 5+ bedroom homes, and other categories also saw price increases, such as a 15% increase in 2-bedroom homes, indicating healthy market conditions for larger family-oriented properties.

(Not a bad idea since these properties are on no one's list, but it's very time consuming.)Engagement sequence would be a mailer with a handwritten address (This is also very expensive and time consuming. 

Another winning recipe is identifying an underserved market or consumer and develop housing for that underserved need.

Tom Wheelwright’s WealthAbility is a full-on SCAM with shoddy ‘business practices’ that needs to be investigated for consumer fraud!