I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

I am considering a HELOC on one of my rental properties which has a lot of equity (~350k) and a low mortgage rate.

I always say, if you have the deal, the money will come.

, not so much for the profit we are making, for all of the expenses involve that surpass our profit.

We are looking to invest out of state, looking into Alabama,  with LTR and/or STR. 

If we assume expenses are around 35-40% of the gross rents, NOI could be around the $30k-$35k range.

Nice job acquiring the first deal.

Any time you use a HELOC, you only want to use 50 percent of the available equity or less so if you can do that over time carefully, it will work.

I have done 1 year and 3 year terms over the years with them.

He's a partner in an STR management company and is very active in that sector right now in the Charleston area.