Hey BP Community, I'm wondering if there are advantages/disadvantages from getting a HELOC from a local bank or a mortgage company. 

But good ones are still out there.if the seller is represented and you're not, I think that puts you at a disadvantage... at least for your first purchase or two.

I will say for the benefit of public discussion that your product looks compelling but the inability to just sign up for a free trial without filling out a form and waiting for a callback really puts you at a disadvantage to almost every competitor.

@Tanner MartilloReal estate investing presents a range of options, each with their own advantages and disadvantages.

There are advantages and disadvantages to both strategies when deciding whether to invest in-state or out-of-state.In-State Investing:Knowledge: You probably know more about the rules, legislation, and local market in your own state of Houston, Texas.Network: It's possible that you already know contractors, real estate agents, and other people in your community.The Ease of Management: Especially when dealing with daily problems, managing properties in your neighbourhood may be more convenient.Out-of-State Investing:diversity: If your local market is competitive, investing in a different state may offer greater prospects and diversity.Affordability: As you pointed out, certain states could have more reasonably priced real estate, which might enhance cash flow.Market Dynamics: There are markets with varying development potential and economic trends that you may access.Taking Out-of-State Investing Into Account:Investigate the target market in-depth, paying particular attention to employment growth, economic data, and local real estate market patterns.Establishing Networks: Establish a local network of contractors, property managers, and real estate experts.

He suspects there is some kind of relationship between the two which put  my friend the landlord at a disadvantage.

Thanks for the responses everyone, the confusing part to me was if I use the deductions against active income year 1 since STR's are an active business, but then switch to LTR's year 2 which correct me if I'm wrong can't count against active income- if this in some way has a disadvantage with recapture, etc. since the STR business would no longer exist

Using the big banks such as BofA, Wells, Etc can put you at a slight disadvantage if you don't have a rock solid credit score, and a long history with them, while you're getting started."

The buzz around this NAR Settlement is not only wrong, but it's going to dangerously put buyers at a severe disadvantage when they go up againts experienced Agents and Sellers.

I have certainly found it sometimes difficult to see all the advantages and disadvantages of financing approach if you are not quite savvy yet - which I admit I am not!