You don’t have to use it like short-term debt—you can pull from it strategically and pay it back at your own pace.

I’d love to hear about your goals and what you’re hoping to achieve here.

Do you want to take that chance?

If the HELOC rate gets out of hand, then go to the bank at that time.

Hi Michelle, I would be more than happy to discuss this with you.  

Therefore, you don't need to use a 1031 exchange; you can take as long as you wish to find and then buy another property.The only exception is if there is debt on a property, in which case there will be some UBIT (Unrelated Business Income Tax) implications.

Unless you're still within your due diligence period, there is no contingency that you can enforce to back out of the deal and receive your earnest money deposit.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

Hello everyone, based on the current market conditions in Florida, specifically Tampa if anyone wants to get granular.

The cost to do so was 50k to join.