My original thought was to get into “cheap” areas for immediate income, but I’ve since retracted that idea after extensive research.

But what you have to do is look at the headwinds that are headed your way as far as the market retraction.

Something I also look it is how many times it was listed and then retracted then relisted in order to give the appearance that it is a newer listing than it actually is.

However, I think things could shift very easily if rates start retracting in the slightest.

Lenders are retracting to the volatile market.

We recently had an offer but after yesterday’s inspection, the offer was retracted.

Again if this is just a single unit and they listing agent worded it wrong, then I retract everything I said.

If it were me, I'd try to pay it down faster, or do a cash-out refi instead.My philosophy on HELOCs is that they're great for quick capital that you put out and retract regularly, whereas more traditional loans are better for putting in place long term.

Also NYC is one of the few markets that is actually retracting, prices are going down.

Lots of cash deals to come after we retract.