If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

Please let me know if you need more info to create a clearer picture.Thank you.That is actually a good question to get advice from a local estate attorney on.

Those that are actually good, get called upon/mailed/emailed an obscene amount by other investors.

You can still achieve it, but finding deals that actually pencil out on all criteria (low enough purchase price, low enough renovation cost, cash flows on the backend, all cash out at refinance) is pretty hard.

I wasn’t trying to be long winded, with too much detail, in my initial post but I actually did this method on a fix and flip.

You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.

We hate to call it "hard money".

The approach involves using a hard money lender (HML) to fund 75% of the purchase price while having the seller carry back 25% in a second-position loan, allowing you to flip the property with little money down.

The tenants have their own W/D so I can’t make money off that.