Purchased a home during the pandemic, value has gone up roughly 2.5(estimating), believe i have enough value in a HELOC to get a down payment on a second home.. is it a wise decision to add that to my plate then rent the first house for mortgage payment+?

I mainly do it for paid off properties as a mortgage is already one level of protection.

The core-4 consists of a realtor, contractor, property manager, and a lender.

This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Make sure to connect with local lenders and brokers too.

Do you have any recommendations for that area (Realtors, lenders, other houshackers)?

conventional loan with 20% from private money lender How did you add value to the deal?

Hey @Rahul Gupta, yeah you are dealing with the wrong lenders.

They are unable to qualify for a mortgage currently as they are out of work so I am stepping in to help.