All Forum Posts by: James C.

Thanks for the encouragement @Daniela Beck, @Cade Edwards I am most interested in Central East Coast of Florida as it is the market I know the best.

I have for as long as I can remember dreamed of owning long term rentals. I have spent years just doing that dreaming and now I am looking to set some goals and achieve them.

Originally from central Florida and now primarily living abroad.

Hello all.

I have recently started asking around about helocs rates, terms, and how they work. I was under the impression it was much like a credit card you have interest only payments on the balance you carry.
Today however I was told there is a minimum draw amount. I came across one older post that stated this is essentially to make the line of credit worth the lenders time. Has anyone moved forward with a heloc that had a minimum draw? And if so were you able to soon pay off this draw amount instead of constantly making interest only payments?