None of this is true in todays market though, you pay more per month to buy than rent anywhere in our area & frankly the country at this point, so it takes time for both having bought to be worth it and to move out and make cash flow, there are very few if any properties that are “value add anymore” I’d know because I look At 17 counties daily for deals & if there’s one I’d have bought one, heloc’s are bad debt ar this point, usually double digit debt, again all of these issues are solved with those but if your gonna live somewhere for a year or two he would probably rent and no amount of realtor ******** changes that, this market is different than a low interest rate environment and people owe thier clients at least to properly explain that to them.

You need to drop the issue with your parents before you damage that relationship.

Hey @Eian Trenkle, I'm actually dealing with the same issue on a STR of my own.

Hey Lonnie, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

You are also physically there to address any issues that come up.

I'm starting out on my wholesale real estate endeavor as I'm already a licensed relator in RI and Mass.

If you have a proper exist strategy to pay off the HELOC, the HELOC is a great way to tap into the equity for a relatively short period of time.

However, it did not go w/o issues and frustrations.

The builder has corrected grading issues twice before where there was standing water in my backyard, but it looks like the issue was never resolved.

I don't suggest doing arbitrage for many years to figure out the market (and the ropes), but rather, one can start with a sub-lease and then relatively quickly choose to buy if the conditions are good while continuing to profit from the sub-leased property until lease end.