(Even if you form an LLC and transfer the real property to the LLC, you will remain liable for your conduct).Rule Number 4.

Any liens remaining would stay attached to the property and come out of my money when I sell the property?

Its also wishful thinking in my mind to believe that this Virus Pandemic hits us in the last month or so, and tomorrow there are going to be foreclosures all over the place and investors selling their properties for loss's.As long as credit remains available investors will still buy and this situation will subside in 2 to 6 months. 

Variance in between my top 5 go-to lenders is usually like 0.25% highest to low, usually there's 2-3 of them tied for first place (exact same rate, +/- $500 in closing costs), so you go with whomever the service/speed/communication leader is.Today, the high/low variance for those exact same 5 lenders is 1.5% to rate!

Probably by the time your property is completed, this virus will be past us but the economic carnage may remain.

Others are following suit.Add alt textBusiness hotels around our offices in downtown manhattan are offering 50% - 70% reductions to fill rooms....yet it seems they remain empty.A stalled EconomyRestarting a stalled economy is very difficult.

Others are following suit.Add alt textBusiness hotels around our offices in downtown manhattan are offering 50% - 70% reductions to fill rooms....yet it seems they remain empty.A stalled EconomyRestarting a stalled economy is very difficult.

Their profit margin is the difference between their HELOC rate, and the rate they are charging you (+ fees).Almost all HELOCs are adjustable rate mortgages, with their rates tied via a round-a-bout way to the federal funds rate (the thing that just dropped to 0%).

I guess I am love struck with the guy...I'm in Seattle...he's recommended by my best friend's dad who is an architect/builder in the city my property is...he's super responsive and quick to get started...my hands are tied.

We are the only tier 1 city with tier 2 pricing, and there is no reason to believe this will remain the case.