HELOC is a great short term tool.

What I found while training 20 agents is that I have noticed most agents do not know how to use the "keywords" or any of the good tools. 

Even worse, the house only sold for like $400K so they essentially lost $100K in addition to their house.And now, my parent's house will be worth almost $2M once their renovation is complete in a couple of months which they did by refinancing it again, pulling out money to renovate it like they do every 10-15 years, and they bought a luxury STR in Gulf Shores, AL.Finally, in another example, a friend of mine has a house in East San Diego County that burned down in one of the major fires about five years ago that also burned 150+ homes.

After doing this for 20 years, I have found that the 1031 rule is a potent tool for real estate investment professionals for several reasons.First, deferring taxes means you can keep growing and diversifying your portfolio a lot more quickly than if you had to pay standard tax rates on every transaction.

The only tools I've been using so far have been the RPR and RedFin. 

From there you can dive into more advanced books, but if you don't have the building blocks, those may be overkill.Also consider buying Michael Blank's analyzer tool, comes with video training.Also consider buying David Toupin's analyzer tool, then find his walk-throughs on his youtube channel of how to use it.

That would essentially be 2 mortgages, right?

To be honest, I likely won't facilitate this project, but am using it as a tool to learn for future opportunities.- Let's assume the lot is already vacant and has already been purchased utilizing a lot/land loan. - The goal is an 18 month loan to complete phase 1 below.

To be honest, I likely won't facilitate this project, but am using it as a tool to learn for future opportunities.- Let's assume the lot is already vacant and has already been purchased utilizing a lot/land loan. - The goal is an 18 month loan to complete phase 1 below.

To be honest, I likely won't facilitate this project, but am using it as a tool to learn for future opportunities.- Let's assume the lot is already vacant and has already been purchased utilizing a lot/land loan. - The goal is an 18 month loan to complete phase 1 below.