A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.

Hi Tony,Depending on what the full story is your lender might be able to provide you with a refinance so you have time to finish your rehab or extend your existing mortgage.

I have a property won at auction that is in the redemption period... it seems insurance companies will not insure it since I am not on the deed.

The transition into and out of LLC was my biggest concern because it might be viewed as a short holding period, but it seems to be fine. 

The Corro-Protec marketing claims are they are a once-and-done replacement that extends your water heater's lifespan to 20+ years.

The longer the hold period, the harder to sell to investors..for syndications. 

Or else you can extend that 5 year time line to 10 years.

Appreciation has been higher on almost all properties than we expected over just a couple of years allowing us to 1031 into more properties in a short period of time. 

This could be anything from a Letter of Intent as a prelude to a purchase contract to an actual purchase contract with an OPTION to purchase for a small option price subject to a defined time due diligence period.  

Average rent was $1,981. 180205 (Cole, Whittier neighborhoods) - Rents increased 38.50% from 2011 to 2020, going from 13,499 renters in 2011 to 18,691 renters in 2020. 280247 (Windsor neighborhood) - Rents increased 31.80% from 2011 to 2020, going from 15,551 renters in 2011 to 20,493 renters in 2020. 280222 (Denver, Cherry Hills Village) - Rents increased 47% from 2011 to 2020, going from 8,446 renters in 2011 to 12,416 renters in 2020. 280202 (Downtown, Union Station area) - Rents increased 81.30% from 2011 to 2020, the fastest growing among the zip codes mentioned, going from 6,185 renters in 2011 to 11,214 renters in 2020. 280206 (Cherry Creek, Cheesman Park, Congress Park) - Rents increased 1.4% year-over-year as of 2019, with average rent of $2,454, the most expensive in Denver. 1For the Denver metro area overall, rents increased 0.2% from January to February 2024, a similar growth rate compared to the same period in 2023.