I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

You also need 12-24 months of reserves so need to hold back some of your down payment money possibly depending on other assets that you may have.  

Investment Info:Single-family residence buy & hold investment in Boerne.

To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.

We're in FW, TX, and building duplexes to hold and rent.

Investment Info:Single-family residence buy & hold investment in Prineville.

Investors find Texas particularly appealing for buy-and-hold strategies, as the ongoing growth sustains property appreciation and rental demand across seasons.Arizona: A Desert Destination for Year-Round Real Estate ActivityArizona, particularly cities like Phoenix and Scottsdale, has become a prime location for real estate investors, thanks to its warm climate and appeal to retirees.

Investment Info:Single-family residence buy & hold investment.

But it's always nice to know how it works, so regardless, you can ask the right questions, and hold your team accountable!