Tough time to sell a condo as inventory is crazy high and unfortunately, going to get higher as they keep building.

Getting a 5% conventional loan and then doing a cash out refi to reinvest that back into another house hack is probably one of the best ways to go about it.

pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

Given that I've been able to find brokers willing to give me a HELOC off my primary residence with a fixed rate are there any drawbacks of using a HELOC instead of a conventional loan vs a home equity loan? 

I would use the HELOC for a down payment on the prospective investment property and then try to secure a conventional loan(right??).

I think there's enough inventory available to make due."

I think she is talking about the NONQM side of lending not conventional. 

With trying to refinance with conventional seems to be difficult to do with 6months title seasoning if the LTV can only be 50% because of the continuity of obligation you mentioned.

I know these aren't products on the shelf, but I have definitely seen off market quadplexes in North Miami with a cap rate of 6-7.5%+ turnkey. 3-5% is what SFH are renting for in this area, I have been looking at the inventory for a while.

Should I save for a conventional loan, get a HELOC, or do a cash-out refinance with my first property?