Agree with Jon, those BS POF letters from some "group" other than the buyer, no matter the balance in those accounts, are obvious from a mile away and go straight to the trash.

I joined the Marine Corps straight out of high school in 2002 and was almost immediately deployed to Iraq for 2 tours.

Gutters and canopies won't stop straight line rain.

I look forward to learning anything and everything I could possibly be taught, and getting to know all of the great people on this site whose articles, blogs, podcast and forum posts i have been reading for the past week straight and having my mind completely blown!

We have some great people here in the forums, so go straight ahead and ask your questions.Also, don't miss The BiggerPockets Podcast - it's great for learning how others are finding success.See you around the site!

Another risk to a HELOC is banks usually reserve the right to close your line under certain conditions.Also, you have to consider that HELOC is typically an adjustable rate that can move very quickly against you if you are not careful.With a straight refi, you have the choice of locking in a longer fixed term. 15-30 years.

I have come across a random fried of the family whose in dier straights and looking to off her house for a good deal. $15000.

I've seen that they will pay straight to the contractor after verification of completed work.

Well, all things considered, I'll issue a note with a 5-7 year balloon all day long versus a straight 20-year fixed rate, in order to provide myself more flexibility relative to managing interest rate risk (aside from any actual value increase it might provide to a potential note buyer).

If you want to hire management to run your rental portfolio you had better really know management yourself or the managers will run you and your property straight into the ground.