Also would love to hear what the plan go forward is now it sounds like you pulled the funds back out.

For a finished value I can pull data from the MLS, for both existing and new. 

Dave Ramsey is proud of you ;)There's no 'right' time to pull out the HELOC bc its a floating rate until you draw so it might be 9% today and 10% tomorrow and 8% the day after.

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

Hi @Ramada Evans - I recommend doing a bit more homework on the deal before deciding to pull the trigger.

Closing my first deal with them in 2 weeks escrow and will pull a $12k assignment fee.

If you don’t pull out your equity by refinancing then how do you contribute to keep adding properties to your portfolio?

🎯 I get it, though—pulling the trigger on the first deal feels like stepping off the ledge.

If the security deposit is not going to cover the the water bill or damages, try to scare him into covering the balance by hinting at sending him to collections and it will appear on any future credit pulls he may have done.

Last one sent without my comments. is this pulling automatically from the PM system and other software sources so that it is up to date in real-time?