If you buy in a prime location with desirable amenities, you’re setting yourself up for steady income and long-term growth.

May need a little rate buy down but in the long run it is much better to raise your rate 1% to 1.5% versus taking a Heoc rate above 8%.The whole point of taking cash out is its quick and you avoid having the associated risks that come with a Heloc.

Direct buy? 

@Nick D.I'd start with identifying what your buy box is for your next property and what you are going to need for a purchase.

As long as the lender can finance in the state that you want to buy in, then work with them.

It normally doesn't cost you any money to open and to be able to access that large amount of equity to buy or stabalize your current portfolio allows you so much more opportunity costs.For instance, I took a $200K LOC out on my primary residence when I first started in real estate.

My Client has following Situation: 1099 Worker; Same Profession the last 8 Years2023 1099 Gross income $87,0002022 1099 Gross Income $134,000 Looking to buy a Condo, SF, or Multi-Fam, and rent out spare rooms & Apartments in the House. 

If you have some capital, income, and decent credit, buy a 4-5 bedroom house and rent bedrooms. 

@Brett Riemensniderwe don't know all the details, but as i said that's a very expensive way to buy property - if you can't afford a property without overleveraging then you might just have to save up more.

Majority of our non payers failed to prove they had any income disruption and are buying new TVs bikes, you name it.