Also there is no restriction on acquiring conventional loan on primary residence even if you have maxed out on conventional loan for rentals.

Most agencies are slow to process paperwork, have a lot of bureaucratic red tape, and it is difficult to get them to respond to inquiries.

I have gotten inquiries about a slow cooker or an air fryer even. 

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

Cash out should be used as a 12-24 month loan so that you can buy another property and pull cash out at the next 12th or 24th month mark.At that point you take a portion to pay off or down the first loan and use the rest as a down payment on the next REI.

@Ryan Daulton,You don't have to buy a house in SDIRA without a loan; you can easily get a loan, but it must be non-recourse.

Yes, you can “save” interest by paying off a loan faster - SO WHAT?  

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find. 

@Jake Baker  You should think about a rehab loan if you are going to buy and hold.

I'm curious why you want a HELOC instead of a conventional loan in the first position.