Utilizing a HELOC is often a good idea so long as you purchase a cash producing asset that has returns higher than the cost of the HELOC interest.

Hi @Tim Kunz, when I pay utilities for my tenants and then bill them back, I told my PM to always send them a copy of the bill so they know why I am billing them X or Y.

Cody McVay get that degree and get that good job to save up 20-30k to get started and quit in five years.

This is another good option if I intend to utilize my 401k plan for investment.

He bought a new house around 1995 and allowed one of his sons to live in it for several years, paying only to cover the mortgage.Subsequent to his son purchasing his own home approximately 2 years ago, the house has been mostly empty except for a few months when a family friend stayed in it and only paid to barely cover utilities.

Well our first couple weeks have quite interesting ...but our focus has been on the exterior siding, getting a part time manager, and getting utilities transferred.

Reachable, do you really want to have an automated phone promt system that takes 30 minutes to get to a real person, or do you want to have the phone answered by a real person4.

Cap Imp vs Repair Expense IRSI'm in the middle of doing some 2017 tax crunching last minute so of course I am on Bigger Pockets forum instead of finishing up my taxes :-)Anyways here's a useful tip on Cap Improvement vs Repair ExpensesMy strategy has always been to increase regular maintenance, repairs (Repair Costs) and spread out costs over time instead of the hands off approach to defer maintenance into larger Capital Improvement expenses. 

These two building will need some serious rehabbing plus some utilities, septic,electric to barn ect.

The lot is in Central Phoenix, on a developed street, so utilities, are nearby the land is uneven, I would say the elevation changes around 7 feet, and currently there is a wash going through the property.