It really depends if that 75k is the whole HELOC, meaning all of your equity.

Hey @Naseem Abdel - it depends. 

This depends on what your contract says.

single family homes in the city are a relative bargain right now, depending on school district...

Depending on what your income bracket is, this can significantly decrease your taxable income.

Putting more down or not getting as large of a home may make more sense (depending on your goals of course). 

I've seen it happen.. it just depends on who you're asking.I can't help w/ a referral in Ohio but I'm sure if you search long enough you'll find someone.

@Robert Loebl, a lot depends on how you buy. 

This depends on your agreement and whether you are hypothecating the note (meaning you own the note and are borrowing against it) or doing a partial where you are selling that portion of the note and issue a collateral assignment.When i did partials I did it as a hypothecation where I kept control of the note because those who typically buy a partial are not savvy note investors and if it went into default the first call they would make would be to you.I know some who let the buyer own it and they would be calling the servicer every week asking about payment or emailing the etc. then if it did not show up they would be calling them.How you structure it is up to you, just realize there are pros and cons for both

Hello @Tyler Bailey,The decision to sell depends on how the property has performed in relation to the requirements for an income enabling financial freedom.