I’ve received multiple quotes from insurance companies (mainly I would obtain the quotes myself).

Real Estate is a large asset class that has many different strategies inside of it. 

The down fall is a Heloc can "Never" be used as an asset or for PITI reserves required when buying a new Primary or investment property.A heloc can also cause major issues with credit and one slight hiccup or missed payment the bank or lender who is holding the Heloc can close or reduce your line of credit.

Let’s break this down:The case for holdingThe 4.75% interest rate is a valuable asset in today’s high-rate environment.

Make sure any renovations comply with local regulations and obtain the necessary permits if plumbing changes are involved.

However, I typically like to make a distinction between my parents assets and my own, simply because doing so provides me more satisfaction when I succeed.

I will leverage every asset in my name to make this happen.

From an asset perspective we have around sixty assets which by this time next year we will probably be around 80-100 loans as we are always selling loans in our portfolio to pick up more.

We had an accounting system once that necessitated doing this - not ideal, but it keeps the assets and liabilities straight and AP is just an accrual until you pay the bill.

@Cristal Ochoa @Leiah DotlichI will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.