Makes sense otherwise the court would be flooded with requests for probably as small as a $1 given the nature of this country!!!

If you're using it to just buy additional property using a BRRRR method, then you would draw down the credit line and pay it back fairly quickly and get yourself back to strong cash flow again.

We have natural gas being installed later this week with two meters and will be putting two boilers in to be able to separate the two units heat and hot water.The problem is that our tenants lease is up this coming month and the boilers will not be done in time.

I’ve been learning how to deal with seller objections, trying different marketing methods, setting appointments, estimating repairs and formulating an offer, and learning more about the indianapolis market.

It is the method to tap into your equity without selling that is the powerful part.  

Interested in the BRRRR method.

The simplest starting method for a person with little starting capital, from my perspective here in San Diego, is to utilize a 3.5% down FHA loan (and/or VA, if you have it), seek out properties that are slightly under market rent, give termination of tenancy to the unit with the biggest delta of rent vs. leading rent in the neighborhood, move into that unit while you renovate it, and then rent the unit at leading market rent a year or so when you move out.

Naturally there are established areas that are a little nicer, typically a little cleaner, and from what I can tell appreciation wise aren't growing as fast as the up and coming, typically less clean areas.

If I use the method for depreciation found in that article you linked (also pasted below), my deduction for that will be larger than the principle payments for the first 21 years of the mortgage! 

I’m super excited to get started and for reference, I’m debating between using the BRRR method or fix and flip strategy to start my real estate investing.