If you have any question you cam usually do a quick search and find answers and if you can't just ask. 

@Robert Blazer IV,A HELOC is a form of revolving credit (much like a credit card), but secured by the equity in your property.

As long as this is an unsecured, revolving credit line, your monthly debt will not increase if you monthly payment is $0.Keep in mind that any new credit will affect your credit score. 

I'm also curious on what is the best way to structure wholesale deals in WA state.My understanding was that you get a contract signed between yourself (A) and the motivated seller (B), and you use transactional funding to buy the property for a very short time (to sell the property right away), and then you sell it to end buyer (C). Am

Establish a HELOC on your home and use it as your revolving reserve fund.

So you'll just be paying down interest, cutting your balance significantly each month and you also have access to the money again with it being a revolving account.Anyway, I hope that made sense.

The key being to learn from those that truly understand what you are doing and learn from them.I guess my issue revolves more around how many new investors expect real estate agents to understand investments just because they are in the real estate business, and its just not the case.

He recommended only applying for one at this time, & using it for regular spending items such as gas/groceries, etc that I would pay for as I use it, to build up revolving credit & get credit-line increases.

I'm actually 23, wasn't completely honest when I signed up.My biggest tip is to learn everything about business because everything revolves around business.

Just as there were a flood of stories of unscrupulous equity traders manipulating the market, supposedly causing the tipping of the market into the tailspin of 2008, I am constantly seeing new (ridiculous) stories and even laws revolving around specific, legitimate, real estate practices.