My family has been invested in that county since the mid 60s.. that property I knew well.. it cant be developed.. so you have rookie who had no clue and no means to really develop it.. and led on by a lender just interested in the 10k up front.. 

I purchased my first investment property in NC (previously properties were in California).

Any advice on which neighborhoods are great for investing is greatly appreciated.

Hello BiggerPockets,I'm seriously thinking about using Home Equity Investment (HEI) to become debt-free, but I want to make sure I understand all the details before diving in.

Investment Info:Single-family residence buy & hold investment.

The total investment is $300,000, funded by cash and a HELOC (current balance $156,000, monthly payment $1200).My initial plan was to sell the property for $350,000, making a $20,000 profit after closing costs. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

But its lifeline is the single I35 highway running north south...In terms if Economic development- I can speak for Hutto, they are take big steps to attract investments that is boosting the local economy.

I am more than happy to share my preferred lenders that specialize in investment properties, home inspectors, contractors, landlord and builders risk insurance carriers, and CPA's that know to do cost allocation studies with my investor clients (that's how you know you have a CPA that knows real estate investing accounting).

Good on you for looking at investing in the USA.