Hi my name is Eva and I am newbie  to BP and I am currently  on the process for my second home as a primary residence.I wanted to ask if is it advisable to take a HELOC on my current primary residence now before closing in 2mos (brand new townhome) to my next property as a primary residence.Any input and sincere advised will be much appreciated.Thank you,Eva

They will significantly boost labor productivity; - Inflation is trending down;- the Fed is itching to lower interest rates and bond markets are starting to sniff out a shift in the winds;- there is a ~$70 trillion wealth transfer from the Baby Boomers to their kidsbeginning (including their homes and real estate assets);- home prices are increasing steadily, not chaotically;- overall rents are up, but steading thanks to apartment rents / supply;- wage growth, for more than a year, is back to above inflation levels;- and the bottom 50% have more $ in their checking accounts than ever before as a % of wealth.

Look at nearby markets like Katy, The Woodlands, Sugar Land etc. where home prices may be lower than central Houston, providing better cash flow potential on rentals. 

On my primary property, I have a second home that I’ve had as a long term rental and currently have as a short term rental.

IE some delta between the lower rate and what they could rent the home for..

Household Composition: 77008 shows balanced demand for both family-oriented housing and non-family units, promoting investments in single-family homes and high-quality apartments. 77063 indicates higher demand for rental units and smaller homes, focusing on apartments and affordable housing options.Despite higher entry costs and a lower percentage of renter-occupied units, 77008 appears to offer better prospects for appreciation and lower vacancy rates, making it a more suitable choice for investment.Greater Heights OverviewThe Greater Heights area (77008), often referred to as "The Heights," is renowned for its prime location offering a blend of amenities, top-rated schools, and abundant job opportunities.

I have three homes within two blocks of this home.

I have one house-hacking property in SLC, but homes here have gotten a bit too high to see any cash-flow.

I am considering a 1031 Exchange when we decide to "move up" in home in the future.

I listen to the podcast every day and I have read all of the BiggerPockets and I also bought a duplex that I am house hacking as my first house (it’s not a very good deal because I realized after that I bought with emotion mostly) but I was just like some advice on how to start my foundation so that I can start my farm area and start to analyzingFirst start with understanding what makes a good deal for you and figure out why your current home wasn't a good deal.