I prefer the HELOC simply because it gives me more flexibility in my search before I have to begin paying back the note.

What's holding me back is lack of capital with not many ways to save because of bills and such.Now to the deal, it's a 4 unit with 9 beds and 3.5 baths. 250k.

If the 2nd mortgage was created for only the $10,000 equity it would simply be called a 2nd mortgage.

You'll notice the correlation of rate movements, namely 2020 vs 2023: The second big factor is MBS market actions, as in what buying interest/programs are happening, or lack there of.

If a bank says that you are lacking anything, find a partner who has what you lack. 

It also lacks the ability to provide personalized, context-specific advice tailored to a buyer's or seller's unique circumstances, such as neighborhood-specific trends or nuanced negotiation strategies."

My understanding (I've purchased property at a Virginia foreclosure auction) is if there is property left inside, you cannot simply throw it out. 

.- Many owners hire us and their #1 complaint is lack of communication.

Was it the fees that made you hesitate, the lack of transparency, or just that they weren’t on the same page when deadlines mattered?

I still have a hard time understanding how this business model works for them, but perhaps that upfront fee covers for lack of deal flow (?)