All Forum Posts by: Cody Jenkins

Also, given the anticipation of possible recession, you may want to consider a HE Loan instead of a HELOC (unless you're really close to doing that next deal). Reason being that if recession hits and your local RE market takes a hit, your bank can close that line of credit on you before you use it (which is why cash it king). If you use a HE Loan, they can't take the money back from you and you can get a fixed rate. Just food for thought. That said, you could still do the HELOC but watch the market and take the advance if things get questionable.

Point being - just remember an unused HELOC is not a guaranteed source of funds.

Lake Lure is a nice man-made lake in the mountains of NC with a public beach, boat rentals, quaint downtown shopping/eating, and Chimney Rock state park in walking distance. Year round vacation rental due to lake and mountains. 

If you buy there, you can give me a free night stay for the lead. Haha.