I would use the HELOC for a down payment on the prospective investment property and then try to secure a conventional loan(right??).

Typically for conventional, you would need the STR income on the sched E to be able to use it going forward.

Quote from @Cheng Zhong: Ocklahawa's appreciation is slow, and it's a choice you need to make based on your own needs, and I personally don't recommend you do that if you're buying an investment at this stageThank you for the response!

I have done well with tax sale investing but like I said in the beginning the laws vary tremendously.

You can typically have one FHA loan at a time, as it's intended for primary residences.

For someone who does this part time working off your cell phone with a high volume of receipts and partners on some investments, I think there are better option.

Hey Rob, It's completely normal to feel anxious when making a big financial decision, especially when you're looking to scale up your real estate investments.

I would do a HELOC, because if you don't want to take the money out you don't have to pay the interest, on a home equity Loan, the full amount is going to be advanced when the loan funds, and you will pay finance charges on the whole amount.We do investment loans on new construction, Typically we can do 60% of the land costs, and up to 100% of the vertical construction, not to exceed 85% of the Costs.Thanks,Dustin

Hi All,I recently sold an investment property in CA and am looking to do a 1031 in a landlord friendly state.

We are new to real estate investing.