I would only do a HELOC if you have a mortgage and are locked in at a low rate from the COVID era; if a property is free and clear, I would just do a cash-out refinance.

Many lenders have investment property experience requirements, meaning the borrower needs to document owning an investment property currently or previously..

I am Florida native and insurance decisions are critical, given we are prone to hurricanes.Any investors or professionals in the SWFL area, that can recommend an insurer or broker that they have positive experiences working with. 

Feel free to call or email me.Alan

If you ever need any advice or just want to chat about the industry, feel free to reach out.

I'm a free member of the site but I can't post any deals unless I pay for the subscription.

If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.

I have just begun my first experience with a property management service.

-----If you are a new investor, feel free to add your experience.

Happy to chat with you about my experiences