Investment Info:Single-family residence buy & hold investment.

If you can care a hell of a lot more about your investors returns than the competition you will be fine.  

I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person often. 

Would it be wise to use a HELOC on our current residence to use for a down payment on a new property You can make $ investing anywhere.

Investment Info:Single-family residence other investment.

The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

FHA loans require living in the home as your primary residence for 1 year after purchase.

If it became necessary to evict a resident for another reason, unpaid rent is usually a pretty clear lease violation.

We said we would buy as-is and take care of all the trash ourselves.