If you have strong income and savings then you can argue you'd be OK  but I would just use those savings as the down payment not the HELOC

Detroit can be a fantastic market with strong cash flow and good appreciation potential, but it’s definitely a unique place with its own quirks.Starting with cash is a smart move, especially in Detroit, where local knowledge and relationships can make a huge difference.

My clients generally pay 6%-8% of the loan amount if they're working with an HML or PML.

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

Having a strong “why” and purpose to what I’m doing keeps everything into perspective.

I'm not a typical Realtor perse looking for clients so I don't need the trust factor that may go with the REALTOR symbol in my marketing or anything.

Hey @Joshua Houchins, we use QuickBooks Online exclusively for all of our REI Clients.

Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.

LLC offers no tax savings.This post does not create a CPA-Client relationship.

Hello I'm Whitney Steadman a plumbing contractor who looking to do some investing and  fix&flips Have a strong construction side eager to learn more of the investing side and property acquisition