HELOC is for short term money, cash out refi for long term.HELOCs have lower closing costs, higher variable interest rate, and interest only accrues when you actually draw funds.Cash out refinances will typically have higher closing costs, a lower fixed rate will be available, and interest starts accruing right away (even if it takes you 10 months to find your next property).A common pattern if you may find a deal in a month, or 10 months, not really sure, is to1) Get any refinancing out of the way, you have an FHA loan so you should certainly drop that off.2) Get the HELOC, leave the balance at $0 so you aren't paying interest.3) Buy the rental.4) Come back to the property with the HELOC and see if it makes sense to cash out refi and consolidate the 1st and 2nd into 1 30YF.If you're determined to score that deal within the next 90ish days, skipping right to a cash out refinance is probably best.

So, the jump in median sales prices quoted we've witnessed in 2021 so far is not a result of a drop in prices last year.Here are April 2021 stats for the City of Austin and the greater Austin metro area:This continues the low inventory, high demand pattern the Austin area has experienced for many years.

It even has narration if you want to break up the pattern of reading with a little listening.

@Matthew Brill ahh okay, so if we also plan to brrrr after a couple of house hacks, would every property after the first follow the same pattern of in our names then to an LLC or is it just for the first?

I began to notice patterns: it was usually the same people each month whom I’d have to chase for the rent, and the same tenants whose toilets got clogged with paper, dolls, and whatnot again and again.

I didn't rent to Person X because they weren't COVID vaccinated and it was a bigger financial risk to me.I didn't rent to Person X because they have cancer and it was a bigger financial risk to me.I didn't rent to Person X because they were pregnant and it was a bigger financial risk to me.Notice a pattern there with regards to making illegal decisions based on the medical condition of the renter? 

The larger subway tile pattern with a grey grout will pop well and not break the bank.

So what if your payment is $73.12 higher for a little while, rates will come down again (check the 4 decade trend since the 1980s -- if something happens once it's great, twice is a coincidence, 3 times we see a pattern, but consistently for 4 DECADES and it's hard to deny that there's a VERY high probability of it continuing for the foreseeable future... there is precedent for negative interest rates), refinance at that point. 

I am always searching more effective systems and/or patterns.

Hi BP Family, I understand that many newbies and even some experienced investors are not really sure how to start working with a lender, have a clear understanding of the multiple ways you can finance your deals, or know how to obtain "funding" partnerships.After speaking to many investors we are seeing this pattern of investors being unsure of how to even start initially approaching a lender.To start, I think it would be great for lenders to get the answers to this information.