Quote from @Samantha Derman: Hi all, looking for advice before I pull the trigger on a HELOC on my own home.

I haven't pulled the trigger to put an offer on it yet. 

Looking for some advice/guidance on whether or not to pull the trigger on a prospective duplex.

The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc. 

Just curious, what made you pull the trigger on the HELOC?

@Brandon Brock I understand that the price is high, I wish it had been cheaper but I will say that I am glad I signed up for a couple of reasons.1) There are a lot of garbage notes n the internet, having seen some of the offerings that come through Eddies group I have something to compare against.2) I have had a few specific questions and been able to call someone and get a a straight go/no go opinion on a note that has probably saved me more then the price of the class already.3) I could have read books and threads on BP but I think it would have taken me longer to get to the point where I would be comfortable pulling the trigger on actually buying a note.

In that case, you can take out cash through a loan without triggering a taxable event, even if you use that cash as a down payment on another multifamily property.

OOS investing is good as well, but get to know your city you are looking in before pulling the trigger! 

For example, payment from a person should be automatically trigger assignment of a property to it.

Also, I know this status can sometimes trigger an audit.