Hi all,I have a ditch which is 150 feet wide, 100 feet long and 2 feet deep in the back with a city catch basin in the middle.

If after a number of months of reaching out to my borrower with no success, I can then decide to go the LEGAL route.

This can be a game-changer for short-term deals without the usual delays.

I'm also wondering what type of properties people have been successful with (single family home, small condo projects, or large complexes).

I am trying to determine now whether I back out of this deal or think about the long-term potential. 

towel bar bracing, door stoppers, easier to access and adjust plumbing, will all make long term rentals easier.Best of Luck!

Although the intention of the HELOC is discretionary access to capital, the final purpose is usually for long term reinvestment or portfolio expansion.

This is not the time to invest, it is the time to research and have negotiations down for when the pandemic is over.If you are more of a developer there is affordable housing projects that makes sense to participate or build with a group as more people need affordable houses and regrettablely a high percentage will have to "downgrade"Vacant land is usually a good long term business.

From my experience, starting with long-term rental properties is a smart move, especially for those looking to build wealth steadily over time.

Most redeem and at 9% interest I would lose anywhere from about $25 - $50 on each lien depending on how long it took to redeem.