I’m always looking to learn, meet, and talk with fellow investors.

Do you have a low interest rate on it?

For example, a conversion rate.

How about hard money interest rates?

We had many meetings with the borrower regarding their history in real estate development and their intended execution plan.

But using that money as a downpayment is not "correct".For starters, it's almost guaranteed in this environment that the interest rate on your HELOC is higher than your CoC returns on the properties you'd buy.That doesn't make sense.Beyond that, how will you pay off the $400k HELOC balance?

If you're making 15% and the rate is 8.5%, another reason to do it. 

We did have a set of guests who left dents in the drywall, blood and vomit on the sheets and towels, gave zero heads-up, then got upset they got a 1-star rating instead of the 5 they're used to.

More importantly, with the rate and lending environments of the past two years, having mortgage insight, access and resources has supported or improved the invest-ability for the majority of my real estate clients.

If you have the hustle to think about it at 15, meeting other investors will help you get better knowledge and find someone you can help for free and learn.