Just be careful not to take a steep discount on your current house and then pay close to top dollar for your next place.Regarding your HELOC, as others have already stated, your outstanding balance would just be settled with the sale proceeds at closing.

It's because they have the MEANS to support themselves should they lose their jobs, even for a prolonged period of time.Part of accepting a low CAP Rate (5% or below) on NYC Properties is to balance it out with Quality and consistent income stream.While I don't mind helping Tenants that are NOT WEALTHY....

Joint borrowers· If this is a joint Agreement, you shall each be fully liable for all sums outstanding under the Agreement and not just half the balance.4.

@Owen ThorntonHey, Nice to see a younger guy getting out there and reading some quality books.

@Carl Crump, there are some things you can do to increase the odds of a successful capital raise, besides of course the quality of the deal1.

evictions tough. or tougher.Texas,my experience there is you better have your head on a swivel when it comes to the quality of construction.. 

Find a better place to rent, you will probably be able to negotiate a good deal, as quality tenants that still actually have income are becoming harder to find.2.

The forbearance amount will be added to the outstanding loan.  

Only thing I would add is to use a high quality cabinet paint.

For example second property is larger and you need more space so you are moving and owner occupying to have a better quality of life.