I'm a licensed mortgage broker and have closed loans with clients out of the country.

The deal will leave the seller at your sons mercy for decades (the life of the loan).

Hi Dean - we had access to a DSCR product until a couple weeks ago - it's currently paused, per my conversation with one of the loan brokers I work with. 

I'm curious why you want a HELOC instead of a conventional loan in the first position.

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

I’d love to hear your thoughts on whether this approach makes sense or if there are other strategies you’d recommend to optimize profitability.Thanks in advance for your advice! 

Knowing the average bP buy and hold investor this type of information would be for advanced investors that deal in the back end of real estate not the front end like most who just want to buy a house for under market rehab refi rent or flip. 

Quote from @Brandon Croucier: The loans are available but nobody wants to do them.There always seems to be something wrong with the properties, as lenders we just can't make enough $ for our time.9/10 Borrowers also complain about the "excessive fees" for the loan amount.If you are okay with paying 8k in closing costs then the loan is available. 

Thank you in advance for your insights!

Thanks in advance for your response.