The three main usages I've seen with HELOCS are: debt consolidation, home improvements, and to purchase investment properties. 

It also consolidates the CapEx/repair needs while diversifying vacancy issues with a unit of SFR here and there.

You are funding everyday folks that are looking to consolidate debt at lower interest rates.The way the site mitigates your risk is by diversifying you over hundreds of these loans, so if one borrower defaults it does not destroy your investment.You can literally put as little as $25 spread across hundreds of borrowers.Like anything else you can in invest in lower risk borrowers and get 5-7% I believe, or higher risk and get 8% or so.Man, these P2P sites should pay me for this post...lol.  

I am not too familiar with how consolidating the loans would work?

They are obviously going through the court records or subscribing to a service that consolidates court records.

Hi Matt,I'm an out of state investor consolidating our portfolio in , MN.I'm not aware of a local group but am certain there are several investors up there based on the all cash competition bidding on investment properties.

I know the appeal of consolidating all your purchases with one company is strong, but when it comes to out-of-state investing, you need to be sure the people you are trusting with your investment really know the markets they are selling.

Try to reduce or eliminate household expenses that are not necessary.Second, I would focus on consolidating high interest debt maybe to a 0% balance transfer card.  

FYI (they'll bite)To sum this up if you are a good negotiator and are willing to stop at nothing to get what you want do the work yourself and avoid the attorneys, consolidators and other scammers.

For a while I was hoping AlphaFlow would expand their reporting features (they started out by consolidating reporting across P2P loans and real estate), but as they've evolved their business it doesn't seem likely.