-you don’t have to pay interest on a large fixed sum of money until you find or are ready to pull the trigger on a deal-it allows you lock in some or all of the amount at a fixed rate so your protected against rising interest rates ( given the current market conditions I believe we will see a couple more increases from the Fed this year which will increase borrowing costs for any variable rate products)- See this attached article that does a good job of simplifying it https://www.investopedia.com/mortgage/heloc/fixed-rate-option/

I am jealous of that deal and I would pull the trigger, too.

I have a couple thousand saved up, but this is about 1/4 of what I need to pull the trigger on a loan.

This can trigger other requirements/repairs.By no means is this impossible, but it's not as easy as it sounds.

It's definitely a city that should continue to see appreciation as investors and developers come in and put their money to work.I wouldn't do any land-banking there if you don't have patient capital though.But if the properties you're analyzing are cash flowing now then I would definitely say pull the trigger.

The cost for insurance could be a lot cheaper than running an LLC.Now if you have hundreds of thousands to millions in assets, it would be worthwhile to talk with an attorney.One last thing, if you have financing on said property, transferring it from your name into an LLC could trigger a due on sale clause, which means you would have to get new financing.

It always seems interesting to me that people create a LLC to reduce risk, yet increase it by the possibility of triggering the due on sale clause (and or not setting it up correctly). 

I'd pull the trigger tomorrow on that second home if one popped up that I fell in love with. 

Once you meet a triggering event, you can transfer it to a self-directed IRA.

Just never pulled the trigger since prices are all over the board and a lot of area’s seem iffy.