Securing HELOCs on investment properties might have it's challenges.

If he’s going to get more than $600 in a year you’ll need his social security number because you’re going to have to send him a 1099 so he can pay his taxes.

So I did offer this tenant a full refund of their security deposit and ability to break the lease.

You borrow money to improve the property secured by that property. 

And yes if you are able to secure the same rates with less or no points, that is obviously a better deal.

While this is being promoted as a safe way to get into real estate by some experts or gurus, there is no way to secure your loan with real estate when the money is used as a deposit before the purchase is closed.

Located just a stone's throw from I-35, this prime location beckons both travelers seeking transient luxury and long-term tenants, including discerning retirees.With meticulously designed sites and secured permitting, this venture promises to redefine luxury travel and investment excellence.

I just purchased my first property with a 2nd home loan in Savannah Georgia that I am running as a short term rental.

Another issue is these homes have standard 15-30 year loans in my personal name ..... so that is another issue ! 

I will likely have to contact an attorney, but first I will contact another loan servicer that I recently found, to see if they want to take this on.