A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.

Many prospects are hesitant to pay application fees without seeing the property first.

Please don't hesitate to schedule a time to talk below if you're interested.https://calendly.com/tycoutts

It wasn’t the best experience so I’m a bit hesitant to jump into another Caribbean island.

@Gregory Wilson  I'm not familiar with land contracts at all...I'm googling now but if you have any other information you'd be willing to share (don't hesitate to dumb it down for me) that would be great! 

I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?

This change has already caused a lot of buyer hesitancy, seller's with inflated expectations, and a whole lot of agents wondering how this will impact their transaction volume. 

Admittedly I am bit hesitant to use a branch I can't walk into.

Don’t hesitate to reach out to local real estate professionals who can provide insights into the market and help you find properties that align with your goals.

The .5%-5% are hesitant as the REI profile is as disastrous as they've seen and they keep  reading stuff from pre-covid to judge the analysis and we all know that won't materialize.Then for 5-15%  is nervous cause the COL has jumped in their face, plus the aforementioned issues.