ANd that was my absolute first post on BP. and ohhh no..

I am a single member LLC so while I did do an operating agreement with another site (there was a trial period so I completed the form and then cancelled my membership, but may return in the future)...just for formality sake...I didn't feel it was absolutely necessary.

Example 2: If you purchased a home with $80k of cash, put $5k into the home, and the home was worth $100k. 75% would be $75k and your purchase price is $80k...so the lower amount is $75k.When buying a home with cash you can absolutely get cash back right away but you will be limited to the lower of those two amounts.3.

I don't want to put ourselves in a position where we could have managed our financial situation better from the start that would allow us to do what we want to do...I absolutely understand what you are saying.

@Cesar Tamayo absolutely, looking forward to seeing you there.Thanks for the welcome everyone.

I absolutely love them and wouldn't trade them for the world.

@Wayne Brooks Absolutely! 

One potential huge downside is if you are using a HELOC on your primary residence to buy an investment property that goes absolutely sideways, you'll could lose the investment and be homeless.

You can absolutely find properties that are well within your budget with great cash flow.

hi @Randa Lake yes, absolutely!