It can get expensive if you work with attorneys and accountants.

@Kyara Schroeder a HELOC had an annual percentage yield which is divided monthly based on the principle balance.Typically, the min monthly payment on an active HELOC is just the interest, not the principle.

Now I signed up for a PRO account (does that make me automatically serious?

I know that I should buy not based on speculation but cash-flow or at least that's what I've been reading but I'm supremely confident in property appreciation due to Amazon coming in.Note:I recently created my BiggerPockets account a month ago and have been reading and researching to build my wealth through long term buy/hold out-of-state investment properties.

Attorney (maybe)4.Accountant (maybe)This is a short list of people.

Thanks Jeff, I've been letting the pro account gather dust for a few months, but happy to be jumping in!

Originally posted by Account Closed:@Tate SiemerCongrats on the purchase, nice to have a little equity position once you're done.

I will also take into account if I can not lease them because of economic slow down.

We have good credit (by any standard) and a decent bank account (by college standards) but not enough to put down the standard 15-25% most HML and private lenders prefer.

A good real estate attorney or accountant?