The use of the line depends on the goal and exit plan.

Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.

Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.

A couple of months ago, I purchased a property using a hard money loan for $115,000.

there's no way anyone on BP can you tell you anything about this with the information you posted... how could we vouch for them?

I live in Lawrenceville, GA and am beginning my first house hack, working to purchase another property by the end of the year. 

Hi David learn what you need here on BP.  

However, this is a conservative regional bank, that is on the NASDAQ, so maybe that’s the issue?

That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.

Don't pile on risk at 21 y/o.