This year we have been instrumental in getting 5 young Veterans into their own investment properties.

We play musical appliances before replacing. 

It's almost the same thing as allocating your 401k in stocks when your young and shifting to debt instruments as you get older. 

From investopedia: Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment.

@Arthur VoskanyanIn these parts, a home equity loan is generally another term for home equity line of credit, but YMMV.It sounds like you are comparing a fixed term, fixed rate loan - ostensibly secured by a mortgage - to a HELoC.The are two different instruments which serve different purposes ... some of the differences are:Mortgage secured financing:entire amount being withdrawn is advanced at once and repayment is amortized over a specific period (typically 25yrs in Canada, 30yrs in the U.S.A. for residential financing).the term of the loan may be the same as the amortization (common in the U.S.A.), or may be shorter (anywhere from 6-months to 10years in Canada).the interest rate of the loan may be at a fixed for the entire term of the loan or may be variable.there may be limits on prepayment of the loan (without penalty).    

When the music stops, my hope is all of you find a chair!

Downpayment on a nice car :)and Music Festivals haha

I drove 2 hours to said meeting this morning to walk into a room full of cheerleaders in suits, upbeat music and people dancing around like idiots. 

Then he told me all about himself and we found out we had a love for old 60's music like the Turtles.He wanted 30K for his burnt property and I told him it was a lot worse than I thought.

All 4 of my properties rented out in less than 2 weeks, and 3 of the 4 have had the same original tenants, (one just resigned for a 2 year lease) so low turnover.All my tenants have communicated their love for the properties they occupy, and the area they are in and that they want to stay long term, which is music to a landlords ears.