i would love to bounce ideas off eachother as it will help with my decision making being new to this game i am learning something new everyday and it seems hard to pull the trigger when important information on the subject continues to pop up.

Home equity loans are designed for Harry Homeowner to fix the kitchen for momma, not really as a commercial venture that carries long term needs.Read the fine print too, HELOC can be called under many events, your credit standing could trigger changes, it's not a product you can really trust long term.Search the topic too, much has been posted about your ideas. :) 

If not, calculate what it is going to cost you to pull the trigger on this deal now instead of waiting.  

Then pull the trigger.

I guess I should have been more specific in my post, I've been on the fence with rei since 2004 so I'm not really that new to the game just haven't pulled the trigger yet hence my post on looking for a mentor. 

I think interest rates will stay competitive, hopefully under 5%, and a lot of first time homebuyers will pull the trigger.

It depends on the deal...Wholesale/Realtor: I like any area in Allen County, Indiana because I have buyers for any hot deals I can find regardless of location, condition or price.Retail Flip: If I am going to risk my capital for an investment I always have 3 exit strategies in place before I pull the trigger. 1.  

., buy replacement property for less than $225K) or you pull cash out, it will trigger taxable boot.

When you reach the seasoning period, usually between 6 - 12 months), pull the trigger, refi, and use that new cash to buy another...then rinse and repeat.

I am not he expert on these as Dion is.. but I would say your probably want to get a lot more information before you pull the trigger .