Hopefully, this provides perspective.Keep in mindThe Fed started hiking rates in March 2022, and only stopped tightening in July 2023, having lifted short-term interest rates by 525 basis points or 5.25%.Average 30-yr mortgage rates started moving aggressively upward a bit earlier (in January 2022) and only peaked (at just over 8%) in October 2023.

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.

He than stopped the transfer because he did not like the terms of his mortgage.

If she cancels, I would keep the holding deposit.

Investment Info:Single-family residence buy & hold investment.

On a short term hard money loan yes. 65% CLTV max 

Hi BB Forum,You may have read our first forum post a while ago about getting started and more entrenched in the industry on a full time basis in the following capacities: - Wholesale (Stage 1)- Fix/Flip (Stage 2)- BRRRR (Stage 2)- Buy/Hold (Stage 3)We are out of country investors looking at the best market to have longevity in and it's coming down to Pheonix, Houston or Dallas.

Short term bridge loan, they require much less down payment (10% or less) after stabilizing the units you can refinance with a better loan option.2.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

if it is just the financial side holding you back - let your bank be your partner… or see if you can borrow the money from a family member who knows and trusts you -  without actually partnering with them on the control of the deal itself (pay them interest - or even bring in on the lien to secure their position the first time) - but let them be the finances and you control the project.