Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

I've been investing in real estate for 10 years and have purchased and rented 50 sfh's and duplexes.

A JWB client purchased this home on 8/30/2024.

Purchased a 4 unit property in Cincinnati (Avondale) 2 months ago.

I see why folks are asking this company says they do 100% loans for purchase and rehab with a whopping 620 fico..

Like most, I was evicting tenants that I incurred through property purchases.

Quote from @Nick Am: I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A.

See, the majority of profit in real estate is NOT made by below market purchases.  

If the proposed loan is too risky because (1) chance of default is too high and or (2) cost of foreclosing too high or time it takes too long and we would otherwise decline the loan, we might offer to purchase the subject property for a price equal to the loan amount.