If I sell a property for a certain amount, do I have to buy another property that is similar in price?

What market are you looking to buy in?

Hello BP community,I’m exploring different financing strategies for my next investment property and am considering using a Home Equity Line of Credit (HELOC) as the down payment for a buy-and-hold property.Has anyone here successfully used a HELOC for this purpose?

I’m looking at buying a condo for STR (yes this is allowed at the building).

I am a loan officer and am licensed/work with clients in Arkansas.

We have Investor Friendly Realtors in that area that will get commission when we buy the property and again when we sell it after the rehab if done.

(see attached article) They are quietly buying properties behind the current the facility.

In terms of his investments, they have been focused on the downtown region, buying up older, but loaded with potential and character, downtown buildings. 

I keep my house and office at 69. 

I've lived in Franklin County most of my life and my RE office is in Louisburg.