I’m trying to get a heloc or cash out refi on a primary residence duplex.l under FHA.I have great credit but modest incomeWife has bad credit with better income therefore I don’t believe we will qualify for heloc.Our plan was to get heloc to use as a down payment on another house hack or general investment property.So far our mortgage company said they could do the cash out refi which would raise our mortgage from $800 to $1200 (current rate is 3.62) and the rate would go to 6.6To pull out hopefully 30-35k maxMy concern is if I do the cash out.

I recommend a full inspection before occupancy, at least one per year, and a full inspection after they move out.

Another question that I haven't yet heard the answer to: Do local governments ever run out of HCV funds? 

If you are priced out of your market you can save for a house hack there or an out of state investment.

Hi Garrett, Doing a cash-out refi to pay off your current mortgage and turn it into a rental could work, especially with Atlanta’s strong rental market.

do you guys prefer to only invest in newer homes  i.e. built after a certain year to reduce the possibility of having to do a lot of reno on wiring, plumbing, etc. or does it just depend on seeing the house and determ...

:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?

There is no 100% guarantee out there.Managing your property properly and having great insurance are probably the two best ways to protect yourself.

Check out padpslit.com, I use the platform to rent out 8 bedrooms in my house individually

I'm really new to investing out of state.