But when you close the loan you are signing a trust deed stating specifically:"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing,"(The above is literally copied and pasted from a trust deed on a Fannie Mae loan).

If you're walking through the casino and you bump into Paul McCartney and he asks you to play on his next album, it's not luck or anything else if you don't know how to play an instrument and play it well. 5.

After some time, if you've repaid $2K of principal, you can simply withdraw it again.It is worth noting that HELOC should be considered a short term debt instrument. 

They need to be equity partners, and not a second debt instrument.

They both give the lender or the Trustee of the DOT to bring a foreclosure action in the event of a breach of the terms of the security instrument. 

If you go private lending route, it's as simple as finding a good local real estate attorney to provide a deed of trust or mortgage (your profile doesn't have a state) with a recorded security instrument. 

Hey I just saw this headline, looks like exciting news for the DFW area. ”An hour north of Dallas, where the D-FW area’s urban sprawl gives way to fields, Texas Instruments is building a massive facility with major implications for the U.S. economy.”

And this house is set up for adults, plus I mention on AIR that it is unsuitable...On VRBO it is just plain no kids allowed.

Generally your total HELOC amount will count towards your DTI, so be aware that a larger HELOC might hurt your ability to get a mortgage on a rent property.2) I don't have direct advice on tracking these but will say a HELOC is best used as a short term instrument. 

The podcast has been instrumental in my RE investing career!