You'll still likely be looking at other sources of funding in addition to your policy loan.

If you are dead set on a HELOC you will likely need the following for an investment property: An excellent credit score (720 or higher), A maximum 80% loan-to-value ratio, Healthy cash reserves on hand, Sufficient income from tenants, Additional features that make the property attractive, like whether it has long-term tenants (Source https://www.rocketmortgage.com...)

A person’s own funds are not support unless they are actually spent for support (Source https://apps.irs.gov/app/vita/...)

If you have time, source your leads your self; drive the area you invest in and look for distressed homes, door knock on the foreclosure list, use door hangers when you see a home you really want.

I am currently working on a HELOC for my primary residence to have a cash source for continued REI.

This deal was sourced through New Western Acquisitions and was purchased on a first come first serve basis.

Have the leases on each ready, as that is what is used as the income source.

I am brand new to this world and my new knowledge is coming at a critical transition point in my life.

While the long-term effects of the pandemic on the retail industry are uncertain, it’s critical that investors closely monitor tenant mixes and uses to develop a better understanding of potential future vulnerabilities.TIP: If you are evaluating an investment and are concerned about the financial stability or viability of the tenants, underwriting a higher vacancy level or reserving more capital is recommended.

We've grown our portfolio up to 22 units and have a mix of tenant payment methods: manual cheques (fun), e-transfers, bank counter deposits and some have done PADs at their local branch.Our challenge has become with the PADs, we don't see any information about the source account owner - our statements just show TransferXYZ to Account ABC or similar vague transaction information.We have about ten units that all pay the same amount and thankfully only a few are on PADs but if we have one that is late - we never know who it may be until we do the dial-around.Is there another solution out there we should be directing these tenants to be using?