Longview, WA  5K just to add a second water meter to a duplex and that was cutting corners and hiring my own digger.

The original hardwood had beveled edges which are not available anymore .

If you are full time investing or as an agent you theoretically have an edge to be able to do more of this relationship building while folks doing it "part time" would have less availability.

Cut out all the noise and focus on what you want, and ehat will bring you success!

My thoughts on the HELOC are that we could use it to renovate our current properties and use the funds to fix up distressed properties in the future(doing BRRR-like activities) and thinking it could be used as a safety net if needed. 

But it got me thinking.My Father's house flooded while I was trying to rehab him in Austin, and then his house got hit by edge of tornado, so there is a little over $50K in Insurance money.

Whoever did the construction cut some corners and the sound passing between units can be quite loud (we know because we initially bought it as a house hack and lived there ourselves).

Lip stick on a pig is cutting corners and doing bad work.

The downturn will eventually spread across the nation, and to a somewhat lesser degree affect those areas that had lower price appreciation.My timing prediction: the oncoming slow-motion housing crash will become very evident within 6 to 9 months after the first Fed rate cut. 

Lender Fees $1,640.00Discount Points $4,680.00Appraisal Fees $825.00Credit Report Fee $25.00Tax Service $68.00Credit Technology and Verification Fee $75.00Title Fees $836.50Owner's Title Insurance $513.00Lender's Title Insurance $2,507.00Transfer Taxes $9,626.00Recording Fees $519.50Total Closing Costs $21,315.00Prepaid Interest 2 days @ $87.53 /day $175.061 year Insurance Premium $1,500.00Property Taxes $3,632.04Insurance Escrow Reserves 2 months @ $125.00 /month $250.00Tax Escrow Reserves 2 months @ $302.67 /month $605.34Total Loan Prepaids $6,162.44Down Payment $90,000.00Total Estimated Due at Closing $117,477.44Loan ProgramPurchase Price $450,000.00Total Loan Amount $360,000.00Interest Rate 8.875%APR 8.337%Product Indigo Edge NonQM 30 Yr FixedYour Monthly housing breakdownPrincipal & Interest: $2,864.32Insurance: $125.00Taxes: $302.67TOTAL $3,291.99