I’d love to eventually have a portfolio of rental properties, so just trying to figure out the best path forward.

I don't personally invest in real estate near Temple's campus but have good relationships with a few peers who owned considerable portfolios in the area.

Just be sure the calculate in the interest you are paying on that HELOC into the new project.As for banks, my experience has been that many banks do not like to do HELOCs on rentals unless you have a decent portfolio which they then look at as a business instead of a single rental property.

However, I know that I do not want all my income to be reliant on my day job and live to watch my retirement account grow.I am probably doing better than a lot of people my age but am eager to take the correct steps to build a real estate portfolio.

As your portfolio grows, an LLC can streamline management and enhance liability protection.This post does not create a CPA-Client relationship.

Turns out, if you know how to structure deals creatively, there’s a whole other world of opportunities out there.I’m here because I know a lot of you are interested in scaling your portfolios or maybe even getting started without traditional resources.

My construction lender offered a portfolio loan option for me, but yes, refinancing it to conventional is definitely an option.  

It’s fantastic to see your passion for BRRRR, mid-term rentals, and money lending—those are excellent strategies to build a diversified and thriving real estate portfolio.

This eliminates the requirement for a new down payment since you are refinancing the existing debt.Lenders typically require:A copy of the owner-financing agreement.Proof of on-time payments (6–12 months).What to Do:Find lenders that offer rate-and-term refinancing for owner-financed properties (portfolio lenders and DSCR lenders often do this).Maintain a clean payment history.” 

Different wheels for different vehicle needs-I see this method as nothing more than another wheel (opportunity) to help your vehicle's (portfolio's) ability to adapt to any terrain (market changes).