Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.Here’s my current situation:My first investment property (the duplex) was purchased using a HELOC from my mother’s primary residence (via Union Savings Bank), and the deed is currently in her name.I also secured a second HELOC against the investment property to cover contractor expenses.I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that’s correct?

Quote from @Mason Jacobs: Quote from @Eric Goldman: Quote from @Mason Jacobs: @Eric Goldman had a good point, if you don't rent it out no one will lend DSCR, you might get a local bank but a DSCR doesn't work if you don't have it rented!  

@Jaycee Greene local bank.

This can help your bank be able to qualify more income.

To avoid making residents fearful of potential radon, we simply told them that the bank was requiring an air quality test. 

Is this a red flag to banks for getting approved?

If you buy a fix-and-flip property and use a hard money lender to fund it (your LLC as the borrower), why would the bank ask for a personal guarantee?

Title is not yet in our name so when our balloon is due the bank will treat it as a purchase and they won’t treat it as a refi.

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!

Using a Whole Life Insurance (WLI) loan avoids banks but accrues interest, potentially reducing policy benefits—compare this with other financing options like HELOC or seller financing.