On top of that, you'll incur legal fees and costs to prosecute the case to get a judgment.

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

You learn a lot and can cut out costs and save more for cash flow.

The higher HOA and insurance fees have made investing in condos more complicated and not look quite as appealing, but there are still condos that can be purchased and an owner should be able to cover the cost of ownership.

However, it might come with higher maintenance costs and more management responsibilities.Financing and Down Payment: With your savings and HELOC, you can make a substantial down payment of 35-40%.

Costs could easily escalate to $65/square foot or more depending on how fancy you go.I am also converting a large warehouse that will include some large RV and boat spots.

Have done tons of research into taking loans etc, but probably settling on getting 20% DP and 6 months worth of monthly costs (maintenance/mortgage/utilities).Started looking to my state laws and saw I need 3 years experience to even get a MN broker license and was wondering how I should go about that.Does that mean I have to sell houses or is there a way to become an employee under an existing property manager?

Hopefully something can be done depending on city regulations.

House hacking in Austin is a cost-effective real estate strategy.

It all depends on what you assume.