There was also some talk of taking out a HELOC (Home Equity Line of Credit) against my primary residence and having that cash.

You need to get the preapproval letter lined up before you place the bid or at least have a HML that can do it within a 24 hr turnaround time.HUD has some very strict paperwork requirements once your bid is accepted.

I got $30,000 of credit card lines last year.

I have shopped multiple companies and think I may end up going with Alside excalibur line.

I hope to get to know the Houston investor community well, so drop me a line when you can and introduce yourself!

Leveraging with seller financing can really contribute to the bottom line and be the difference between a profitable deal and no deal.

(originally the bank told me it would be a line, so this caught me off guard.)

It sounds like what you are trying to do is to buy a home and get cash-back (in the form of an equity line of credit).

I'm pretty sure I would have a better return on my investment, and ultimately there would be nothing stopping me from going back to rentals if I chose to down the line.

I will pay to replace the lines and meter the lots, which will bring the expenses in line with a normal park, about 35%.