They pool their money to afford something that is beyond their financial capability.

As a result, I understand the financial and legal aspects of real estate but cannot say I know the first thing about actually being a real estate investor.

My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.

Other lenders may provide you financial incentives to open checking or other accounts with your HELOC, so if your current bank doesn’t have a good HELOC offer they may lose more than just your HELOC business.

@Bob Green I had reached out to the bank (New Penn Financial) and they said they are required to have the 6 month seasoning because it is F/F.

(Obviously cutting an income stream is not a good decision financially, but I really want to accelerate the process and take advantage of time)

What does it take to truly find financial independence?

I recently went to a bunch of the credit unions in Philadelphia (American Heritage, Sun Federal, PFCU, Trumark Financial, PSECU, and Franklin Mint) to see the terms of their HELOCs.

This process has allowed me the opportunity to learn how to make financial, marketing, and staffing decisions with someone else's investment (we're privately owned).

We asked to see financials and there were crickets.