As for using your HELOC, it is a good way to get started, just be cautious about over-leveraging if market conditions change. 

I expect to see it rebranded as something else and I would still be cautious about using them, when they tell you they need to clear your funds overseas before ordering.

He was eyeing a property with a HELOC attached, and we found out.. from what I've herd, banks can be a bit cautious when there's a second lien.

This can limit your financing options and potentially lead to higher interest rates.Be cautious about prohibited transactions and disqualified persons, as outlined by IRS rules.

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

I would be very cautious about putting one with a HOA because of the restrictions 

@Rochelle GerberWhat you're experiencing is pretty standard with hard money lenders asking for 20% down, especially in today’s market where lenders are cautious. 

The notice of defaults is definitely something to consider and you point out one of my worries is having the buyer be good with the terms initially but later on fall through.Thanks for sharing your experience and I will be very cautious of these offers.

It's important to be cautious and do thorough research before committing to any program.

I’d also advise being cautious with turnkey listings that look overly perfect—they often come with a higher price tag and might not deliver the promised returns.Also, I’d encourage you to really assess property management options.