Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

(Roughly same number of bedrooms, same style, same look, etc.)

But we've experienced a huge change in underwriting for non-qm style products, and anything over 5 units is severely delayed. 

I live in a 1 bdrm apartment style ADU(Granny unit) on my friends property which I've been renting for a little over 2 years.

I figure resort style food from off the land nature experience.

Hello,I submitted an offer on a 3b/2.5ba, 1990sq ft duplex style townhome (single unit, not both) in western Washington and my offer was accepted at $427k.

There are handful of DSCR lenders (mainly commercial style lenders) that do not report these loans on personal credit.

In some cases yes, in most cases, that is not suitable for alot of people. 

The only time you need to worry about a refinance or a "Change" in occupancy is if the loan is an FHA, VA, DPA (Down payment assistance) program, Fannie/Freddie Home style that you have lived in less than 12 months.

This open concept home includes designer styled kitchen with custom cabinets, granite counter tops, stainless steel appliances including a stainless steel farmhouse sink, vented hood system, and a stunning glass tile back splash.