When you become the builder , then the numbers work What he ^^^^ said.

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.

Hi Bianca, welcome to the BP community!

So I was just wanting to get opinions on the best way to leverage the equity and heloc I have? 

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

Just be sure you can afford your next project before jumping in. 

Also, with a VA assumable, if the one assuming the loan is not a veteran, then the seller (veteran) entitlement will still be tied up in that property.

I am not the expert, but just from talking with people and seeing the posts pitches from wholesalers.

I just moved from Houston after living there for about a dozen years.

I am in the Phoenix area and have connected with a few agents who are representing sellers of distressed properties and I have 2 that I got an accepted offer on in Phoenix.