(just make sure you are at least positive cash flow on that first one. :)  )

Before I had not the credit nor financial means to embark in Real Estate, I'm in a much better position now.

again, just my perspective because I do it for a living, I'm required to maintain a high level of suspicion. based on what he says it sounds like there is certainly a way through this, like you said.

If you can stay on topic and add to a positive experience, please come and join us.If you would rather discuss our differences via PM or in person, I would welcome you to my office anytime.   

Here are the final numbers on the deal i'm working on.Owner owns house free and clear, does not live in it anymore but still maintains it. 

I have a nice job with a real estate company and, although real estate investing has never been something I considered, I just started to as of late.IDEAL NICHE:  At the present moment, I would like to invest in vacant land only and resell it on terms using seller financing to generate a positive cash flow. 

You'll have to get permission from the first mortgage holder to subordinate the HELOC to a higher ltv.I'm assuming the first is at a much more favorable position than current rates. 

@Stephen Kunen definitely a positive thing for downtown

@james masotti  It's so funny that you say that because we were just talking about the market turn yesterday at my local reia meeting and I was explaining like it is at  Its peak and about to turn so my plan is to flip this particular property as soon as possible just to create enough capital to then invest in a multi families because at least by doing that Having flow every month it will supplement the Down turn Because in my market that's pretty much what does make sense And yes it's a pretty nice area but I gotta say the deal is good due to the fact that we got a distressed property owner so it almost just fell into our laps 98 % hard work and positivity 2 % luck lol 

To back up that belief, my wife and I dedicate a minimum of 10% of our income to giving each month, and we also make additional one-off donations as well to charities that positively impact our local community.