I could have him sign a buyers agency agreement that can only be done for three months and he can technically cancel anytime.

@Nathaniel Dean Morrisonthis question seems to be getting asked multiple times a day in the forums.if you're asking: should you use a HELOC to buy an investment property, because you don't have any actual cash? 

With the market in a tricky place, I was curious how other investors were financing their deals - Is anybody still financing with Cash / HM?

How did you find this deal and how did you negotiate it?

At some point, I was willing to cosign for HELOC to have him some cash, but not sure, how much risk I would be talking on my name in return!

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

Find us on FB or Youtube.

Lots of townhouses popping up.but don't have a ton of reachable cash. 

If you have positive cash flow with the HELOC, you can wait and collect cash flow until it sells or sell at a loss and move on.

Did you find a quality section 8 tenant?