Landlords getting paid is just a secondary effect.

I have used direct mail in the past for single-family homes but am not sure if this method is effective for multifamily.Thank you in advance for any guidance you can give!

Do you think being on a major road effects the price?

The SB and AB's that were passed for ADU's were much more effective in creating additional housing, but still just a drop in the bucket for what is needed and the costs to build the ADU's are skyrocketing each month due to labor and materials costs, not to mention material shortages due to supply chain issues which are getting worse, not better (that's across the board for all states, not just CA, but more heavily felt here as Long beach is a HUGE port not currently even close to full operations.)

I would appreciate any tips on using these loans effectively to purchase a property that might want to close quickly. 

And if they are charging 6%, they might be taking other fees that bring the effective rate closer to 8 or 10%. 

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 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.