Also don't they have to pay all the liens against the property, meaning they would have to pay off the mortgage to get the property? 

For the last few days I have done some research for fixer uppers projects BRRRR, my lender recommended go for HELOC because we try to keep expenses downs and easy to access the funds.

Flip is another word that people use to mean sell but after it was held as a long-term investment.The intent is important here as it will determine whether the sale will be eligible for a 1031 exchange or if the gain can be eligible for capital gain treatment.Best of luck.

It was a hassle and I was unable to keep it up.I recently bought a Nutri Bullet (more powerful than the related Magic Bullet) I make a veggie and fruit smoothie one or two times a day and again feel great.

That doesn't mean you get rid of the bathtub. 

. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.

You can continue to keep it.  

that works and sounds like they are small balance loans.. so just make sure you keep cash available to pay them off if they are called.. you dont want to bugger your credit with a default .. only way to keep that from happening is to stroke a check.. wraps are great if your properly capitalized.

So, you need to be sure it makes sense as it does not always do so.Also, keep in mind, line of credit are for short term cash needs NOT long term for example a down payment on a property you plan on keeping for the long term.

Jair keep in mind “ having family” can not counter balance any additional expenses to purchase in Houston vs DFW for instance.