The primary drawback of a HELOC is a variable interest rate, which today could be double a fixed mortgage, as much as 10%.The best choice really comes down to a personal decision for what the plans are for the money, and how long the funds will be needed. 

I would advise the complaining party that there is/was no evidence of smoking in the adjoining apartment she referenced and you have no choice but to consider the matter closed.

The goal is to establish a relationship that you can leverage for years to come.You should inquire about rates, terms, and requirements when contacting a potential lender.You can use any lender licensed to do business in Indiana, but some banks only lend in certain areas by their own choice.

She can practice traditional and non-traditional medicine. 

To be frank, the traditional view of obtaining wealth as outlined in the millionaire next door is almost depressing to me in a way.

@Simon W. wins the best advice award; If you have enough in your budget and enough supporting assets to hire an actual seasoned real estate controller, do itYour question is almost like your trying get your head around as if there is an owner with 2 choices: either hire employees or sub it out to a vendor.

@Shamo ShehuNot the combination of words I would use so I hate to assume, but if I were to assume then I would think they are claiming a possible ARV of 650K, and 380K all cash (or hard money) because it's not financeable via a traditional bank.

If I do it wont be for long, and if I don't then I made the right choice anyway.

Not a big deal if you plan to pay it back in a short time frame (e.g. use the money for a BRRRR), but I don't think it's a good choice of long-term debt.I'd also be very careful about taking out money to "upgrade" your home.

Hey everyone,I'm working my through a fairly familiar scenario, looking to jump into the brave world of multi-family REI without having the seemingly $100k+ in liquidity to start out with.One strategy I'm considering is seller financing, for it's ability to side step traditional financing requirements and hurdles.Does anyone have any experience with seller financing?