oh well ya using a Heloc and being 100% levered on a real estate purchase is a huge gamble in many makrets.

Sometimes I like to gamble, based on the risk/reward.

I have It on a float but will probably lock It tomorrow as the lender said he was expecting about 60 days to close which would be the length of my rate lock.. trying to gamble the timing to not have to come outve pocket for an extension.

Hi RichardI am originally from the UK but have lived and worked in Spain since the seventies, I also have over thirty years experience in direct real estate sales and rentals in Spain.

If using it as a long term rental doesn't cash flow you are gambling on the short term rental working out.

People viewed it as gambling.  

They take gambles if things come in better, worse or on par with expectations.

In the UK for example we have a simple LTR model, which works well and is very hands off.

It's always a gamble with the government is involved, and I lost on this one.

No Financial ClarityIf you don’t know your NOI, occupancy rate, or when leases are expiring, you’re not investing, you’re gambling.