They may have a restriction on gambling to, but I just found that humorous reading the language they chose to include. lol.As long as it is just notifying the lender, I don't see a problem with it.

Hello BP fam!I'm interested in using a HELOC for my real estate beginnings. I am familiar with this product but unsure how to map out the process of using it effectively. I would like to invest my time in a fix & ...

I rather be in control over my money than having someone else gamble with it.

In the end I can only guess and a bit gamble on expenses that eat the rents away  AND then buy accordingly.

Education and financial literacy are very important, but we all take a gamble when we buy our first property.

I am serious in this new business adventure and want to learn all I can. 

if your not sure that is OK take your time and learn what you can and see what sticks out for you and arm yourself with knowledge but be careful that you do not fall into the hole of paralysis / analysis. or research yourself into confusion,  if you do just take a breath and remember, even the pros were clueless once to. do not be afraid to jump into a deal and make an offer if the numbers look good, due diligence and then pick up the phone.but best of luck in your REI adventures,Jay,

He's getting cheap prices and renting the properties out and gambling that most years there won't be a flood, and when there is a flood it will be minor and its a cost of doing business.9. 

Good luck on your new adventure!

Our action plan is to rehab for 3 weeks and get it on the MLS before April 1st.Wish me luck as I go through this adventure!