To markets where you’ll gain long term tax free wealth. 

Because the interest rates were so low, I was able to keep the same mortgage payment cost we had before but for both houses with a shorter term! 

I have lenders that I can point you to that would likely be able to give you a better product that will pay off that primary residence loan, or restructure it into one that doesn't take so much long term value out of your equity.

The benefit of this is that you are not paying Hard Money rates so in long term there is a lot of savings going this route.

I always told clients even when the rates were going up not to buy something on short-term thinking (i.e.

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

Quote from @Brian Clark: Looking to network in Southern Maine to learn and share about long term rental properties. 

Property went on the market that week as we began negotiating terms.

I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate.