I am planning on using it to buy multiple properties in AL, TX or OH and wanting to use the BRRRR strategy on these homes.  

Then you can put the 100k in there, and its treated as putting money towards that business (working capital) and no one needs to pay tax on that movement of money alone (though there are tax implications later down the line).

@Daniel Correa Welcome aboard and Congrats on your pre-approval—that’s a huge first step! 

Hello everyone, Wanted to know some of your thoughts on this situation I have. 

I’m considering getting a HELOC for a down payment on another property.

I replaced two roofs on rental properties.

I thought it was simply the difference on percentage of appraised value (4% vs 6%).

Congrats on your success in real estate. 

On the other hand, non-local lenders may offer more competitive terms or flexibility since they're not tied to specific regional trends.

Had to close with hard money on a 6 month note from Easy Street Capital.