Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

Also, securing financing is no different than site built unless you're dealing with  someone that has no experience originating loans. 

Originally posted by @Chase Alison Matthews:So...

Originally posted by @Taylor McClure:I was talking to a man a week or so ago, and he said that his friend used to buy properties that were a few days prior to foreclosure.

Should I charge her a prorated amount of the original rent or the increased month-to-month rent for January?

(These companies would otherwise have been required to report by January 1, 2025.)Reporting companies created or registered in the United States on or after September 4, 2024 that had a filing deadline between December 3, 2024 and December 23, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.Reporting companies created or registered in the United States on or after December 3, 2024 and on or before December 23, 2024 have an additional 21 days from their original filing deadline to file their initial beneficial ownership information reports with FinCEN.Reporting companies that qualify for disaster relief may have extended deadlines that fall beyond January 13, 2025.

My wife and I own a couple duplexes in Florida, however with insurance costs on the rise, we're looking at Wisconsin, which is where my wife is from originally, and we're looking at small multifamily in Sheyboygan. 

Goes back to that original thesis in a thread long time ago-- quality over quantity.

So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

they make money servicing not originating new loans.