I'm thinking of initially drawing 30K HELOC at closing so that I can get 2.75% intro rate x 5 years then immediately throw that initial 30K directly to Principal Balance of my primary mortgage then start paying back 30K HELOC as fast as I can.If you guys have any other ideas/suggestions, please feel free to share.

Find a balance between what will work for you and where you think there will be the best bang for your buck.Good luck!

Hello all,I currently own a property I purchased about three years ago and I have a loan balance of $129,000.

Javon,as George mentioned if you take early distribution from your 401k - you will lose good chunk of the balance to taxes and penalties.

“But we’ve got the best balance sheet, the lowest debt ….

You are an inspiration...how'd you manage the kid/work balance?

There is a huge difference between (1) buying a performing, low interest rate note at a significant discount to principal balance, (2) making a private or hard money loan at a high rate of interest and (3) buying a note that is in default.  

It works in the format that they owe you money on an account balance, whatever money they owe they can pay it, if they don't pay it, any account credits/prepaid rents or security deposits go towards that balance.

If the loan balance is too high - close to or more than the property is worth - this strategy doesn't really work.

All of those features help make sure things are done properly, create innate checks and balances, protect investor capital and will act as a sale pitch in a sense when marketing the fund.