It's a way to set cash aside and allow it to grow with guaranteed returns and you can borrow against it at a low interest rate at any time and it won't impact your credit score.

Lenders might have different policies on how soon you can obtain a second loan, and it may depend on factors such as debt-to-income ratio, existing debt, and property cash flow.

We are thinking that a Hipcamp would do very well because there aren't any good ones locally and we've already had success with short term rentals.The land is $125,000 and we don't have the financial ability to purchase it or do a down payment right now.

(FYI- I don't have a ton of cash laying around and will be getting a loan on this.)Thanks to everyone who chimes in.

Hi BP,Im trying to figure out if I should look into using a HELOC on my parents home to buy a rental property in cash.

This usually results in the borrower just doing a rate and term refinance or cashing out on the low end.

I don't have much for down payment, and I'm hearing that you don't need money to start.

Purchase price: $475,000 Cash invested: $50,000 Horse House Hack!

Our local statute specifically says: "the tenant shall not be considered to be absent from the dwelling unit without notice to the landlord during any period for which the landlord has received payment of rent."

Purchase price: $225,000 Cash invested: $8,000 Bought in early 2023.