They have paid around $70k into a $170k mortgage over 20 years so far and have been constantly falling into credit card debit, renewing their mortage over and over.. its never ending.

In the last recession, did any of you guys have a 1st lien equity line of credit that was frozen due to the credit tightening from the banks?

Over in Wisconsin east an hour and siimilar to @Daniel Kurkowski’s experience the cost to build gives a pretty poor cap rate project.

I plan to buy a house in the next year or so and use a home equity line of credit and loans in the future, but for now, am really just looking to work with somebody in the Nashville area.

Did you check the credit for the applicants?

I reached out to local banks and credit unions for a HELOC to finance another purchase and was told I can only get 65% LTV. 

I just finished reading Rich Dad Poor Dad, and I’m more motivated than an ever to make my first purchase.

Before exploring it, it's important to note ARV is a construct used more with asset-based lenders than with more traditional, credit-based lenders, where LTV or loan-to-value is one that is more prevalent. 

@Rashaniqua Cason, You can either refinance your property or do a home equity line of credit (HELOC) on it.

Hi, definitely have a rental agreement as well as a background/credit check (many apartment associations provide both which is great).