We are looking into getting a fixer upper and plan to rent out our original residence ( Zillow says we can get $2700 median rent in our area ) while moving and fixing up the new house.

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

Check with your lender about any owner-occupancy requirements tied to your mortgage.Market Analysis: If you plan to rent it out in the future, take a close look at rental market trends in your area.

My friend and I are planning to buy an investment property (My second his first).

That being said, I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection as it relates to real estate.

Hello,I’m looking for guidance on if a 1031 exchange is applicable in my situation.I currently own a single family rental property that I’m planning on selling.

I think by waiting to last minute to put things together you miss items and year end tax planning becomes problematic.

Don’t ever tell your banker you plan to live there.

And the interest on the HELOC is usually higher than on the mortgage.As I demonstrated before, you will get ahead if you would put that additional money directly into the mortgage principal instead of using a HELOC.Velocity banking is fine for people who can't budget as it give them a plan to follow and force them to save more.

If you planned on moving out of a house and buy another property, as an example, you could pull a HELOC before you moved out and keep it as an emergency fund.