Anyways, I am following this Evergrande mess as well but don’t really know how it might effect what we have going on in our markets and or the macroeconomics of the company to the US economy.

I was always taught that debt is bad and that you should look for ways to always eliminate as much debt as you can. 

I don’t know how that would have any effect on room CO though. 

In some cases people decide not to do a cash out because the rate on the first is extremely low but even in those cases cash may be the wiser choice.Here are some issues with a HELOC - They are a liability, open end mortgage (basically a credit card) - They carry a ARM or Fixed Term rate set for 3/5/7 years with generally a higher rate then what you could get on a 30 Year fixed currently (Especially for the lower loan amount under $80K) Yes - they can hurt your credit because again its a open end credit card so when the balance gets above 40% of the credit limit it will have an effect of the credit score.

Best to speak with local counsel on your most cost effective options.

In a space with many variables, unanticipated changes, tight deadlines, etc. it can be an effective mindset to have. 

It is all a matter of your goals (i.e. equity accumulation or supporting a lifestyle with cash) and your ability to redeploy capital effectively (i.e. is your cash just sitting or are you buying more properties)

You should know the approximate monthly utilities cost for a duplex or 3-plex if not separately metered, how your purchase may or may not have an effect on the property tax bill the following year, etc.

Opportunity Zone Funds are a great way to mitigate and even eliminate capital gains tax liabilities. 

It would eliminate so much red tape.