Hopefully, you were able to utilize a low down payment option to utilize leverage. 

You are in TX so you have the ability to buy decent turnkey new builds in San Antonio right now, with less cash flow up front, but hopefully scalable appreciation.

I hope that helps! 

Make sure you feel comfortable, but keep in mind if you ask for too much (in comparison to other MTR hosts), you might lose out on guests. 

That all being said, I hope to connect with some of you and that maybe we can learn from each other or partner up to accomplish our goals! 

I hope you get your first investment soon!

Another thing to remember though, in this market, properties aren't selling for what we "hope" or their ARV.

Hope this helps. 

Hope someone here can give comments about it.

Also, to give you an idea of how the math works here is an example based on your home's values:If the lender lends up to 80% of the home's value, the maximum loan amount based on 80% LTV would be $392,000 = ($490,000 * 0.80).With your existing mortgage balance of $390,000, the remaining available equity for the HELOC would be $2,000 = ($392,000 - $390,000).Hope this helps!