This is just my experience with HELOCs, I’m not licensed to give any kind of financial advice, check with your accountant or financial advisor to ensure you are utilizing the correct financial products to reach your goals.

You may be indeed correct about heloc on rental properties but its worth shopping out.

So, if I understand correctly, even if a property has a 2nd mortgage against it, it would be recorded, and it would also get wiped out as part of the foreclosure process, right?

Open to ideas and suggestions as well as connection to Wholesalers and other fellow investors from all over.Welcome to add and PM me directly also to email or find me on the FB : Danny Trestian Also great Mentors in RE investment / Flips and other methods such as buying off the market / buying for cash flow high yield properties / multi unit commercial residential units / Flips and other methods and options.Looking forward to hearing from you,Danny Trestian 

Classic BRRRR method.

Absolutely correct.

Just to be clear when you refinanced 75% of the appraised value equaling $41,250) You paid back the first loan of $35,900, leaving a remainder of $5,350 in your pocket correct?

Hi @Sam SopheakGetting your license can be quite advantageous if used correctly, but it can also be costly as the dues you need to pay for the NAR and MLS can be quite high.

@Giovanni Brown Some properties are a better fit for the auction method.

Definitely want to play the long game, I just really like the idea of getting started using this method as I don’t have a large amount of cash on hand