I have a friend who is a loan officer explain that for the cashout refi I'd be paying $30k in unnecessary closing costs and losing a relatively good rate I currently have just to take cashout at 80% LTV, whereas just like others have posted here the closing costs for a HELOC are next to nothing, and you can get much closer to 100% LTV.

We make our money when the purchase a property...so don't do any unnecessary renovations that won't pay you back on a property.Hope all of that makes sense.

Our team is dedicated to skillful negotiation to find mutually beneficial solutions that help avoid unnecessary conflicts, ensuring a positive and harmonious rental experience for all parties involved.Thorough Documentation:Detailed and meticulous record-keeping of all communications, notices, and agreements is maintained to ensure transparency and accountability.

Sure, that broker often pay for those leads and need reimbursement through the split, but once you have your own systems, support and are focusing on your unique niche, those leads quickly become unnecessary to sustain and grow your business. 

The most important thing in my opinion is making sure you take the right steps forward so that you do not make any unnecessary mistakes.

You also want to avoid having to pay for too much unnecessary repairs that your approved inspector (I forget their real title) may find. 

He explained that it is unnecessary and generates extra taxes since the management fee is not a rental income and is taxed more.

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

I aim to keep the process simple and avoid unnecessary complications. 

Ideally, I’m wanting to save for my next purchase but now I’m trying to decide if a good HELOC strategy would help safely speed things up or just add unnecessary risk.