Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

I’ve survived this biz for 35 years without losing investor principal, across many adverse market cycles, and I couldn’t do that by taking on much “wipe out risk.”

Unsecured (no real estate as collateral) is not a great way to lend nor is secured loans with no equity to protect your principal investment.

I check the SEC, FINRA, ratings websites for inside information on the principals in the company.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

You can invest excess cash flow and get 5% return (online savings, CDs, treasuries) (or simply pay down principal). 

I am also a man of principals, character, honesty, as well as fun, personable, and just all around good vibes.