I spent a few years as a starving actor in LA and NYC before returning to the University of Florida in Gainesville to obtain a Masters in Entrepreneurship and then I operated my own LLC for a few years (now defunct).

I want to obtain a HELOC to have funds for investing purposes.

As in life everything takes time and sacrifices to obtain what is needed.

Originally posted by @Larry T.

I think I want it on the application to assist with obtaining judgments and other legal proceedings IF SS# is used for such.Questions:  1) Is a SS# necessary for judgment recording (say, for damages or unpaid rent); 2) What do other SmartMove users record on their paper apps?

Are you asking about consumer purpose loans, such as those sold to or guaranteed by GSE's such as Fannie Mae, or asset-based business purpose loans obtained by real estate flippers?

Larry T.

I assume that the reason for the HELOC and cash buy is to give you a stronger position when negotiating purchase price and the ability to act more quickly vs. obtaining financing.

You obtained financing under the intention of OO, so once the spirit of that agreement is met (1 year) you're free to do with the property as you wish.

What's the best way to go about obtaining a line of credit against one or the other?