@Dustan Marshall First of all, I'm impressed that you were able to find a bank willing to do a HELOC on rental property - that seems to be pretty unusual (most banks only do HELOCS on owner-occupied properties.Anyway, usually a HEL is a fixed loan amount often at a fixed interest rate.

You can click on the "vote" button if you like someone's post or is helpful, and there are "awards" to earn on your profile.

I have my profile in place and I'm ready to peruse all the information that BP has to offer.

Is your impression of this area similar?

Otherwise, when you have a sec, please upload a personal profile image so we can better recognize you as you participate here.See you around!

Hello BP Community,My name is Lucas Bennett, I am 28 years old, and I would like to connect with all of you.I have been reading the forum posts pretty religiously for the last 6 months or so, and I finally decided to make a legitimate profile and introduce myself.I am a big believer in learning by doing, and have worked on a couple real estate deals so far that have already taught me (sometimes the hard way) more about this industry than I thought I would ever know.

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

Chang, sorry not sure what gave you that impression.

I haven't listened to that podcast yet, but my impression on this subject was that you are not looking for a downloadable market package, but you are making a personalized marketing package based on the niche you plan on filling.If that niche is apt complexes in the 50 - 100 unit range, then you want to pull comps for recently sold, and on the market deals.