Hi my name is Eva and I am newbie  to BP and I am currently  on the process for my second home as a primary residence.I wanted to ask if is it advisable to take a HELOC on my current primary residence now before closing in 2mos (brand new townhome) to my next property as a primary residence.Any input and sincere advised will be much appreciated.Thank you,Eva

Let me know you’re thoughts and thanks for all of the advise much appreciated 

That, in addition to experienced investor advising others to treat certain tenants like animals has just made me not so motivated to participate like I used to.

He advised me to make sure that I trust the turnkey property company that I go with, unfortunately, invest1 aka rentals2retirement only left me with more questions and a feeling that it might be a scam.

Hey @Hector Lewis,I have a DSCR but it also starts at a $75k minimum loan amount. typically I advise folks that are coming a little less to do a fix & flip, then DSCR cash out at $75k.

But I would advise you have a plan in place to pay off the existing mortgage in 2-3 years because eventually the original seller will become unhappy with having a loan in their name and no house to show for it.Finally, there's a lot of irrational fear out there about the due on sale clause and the lender calling the note.

I'd advise you to do whatever you can to own Denver real estate rather than going out of state to chase cash flow. 

Readers are advised to seek professional advice.

You want to rent out your house but wonder if you should use a property manager or self manage.I always advise my clients to use a property manager to make owning investment real estate as "passive" as possible and if the property manager is good they will help you maximize rents with their management and reduce turnover and the cost of tenant turnover.

I would advise starting sooner than later.