Need guidance and advice.

[Lane Baker]

I just pulled out $50000(heloc) in equity from a rental of mine. I feel as though I have lost momentum. I live in Valdosta Georgia. What would you do if you had $50k right now in todays market? Anything helps. I need to get this money working for me asap. 

[Scott E.]

It's good to have a sense of urgency but you shouldn't be rushing to deploy $50,000 into real estate, especially in this market. Lock that money up into a bad deal and it'll be months or years before you get it back (or even worse, you never get it back).

I recommend you pay down the HELOC to $0 so you're not dealing with a monthly payment. Then draw on it when you find a deal to buy.