I needed that foundation of knowledge you can get a lot of you should do this you should do that on line.. and most will be centered around some sort of commission income to start..

hi everyone i am a newbie and i have a question about a line of credit i want to take on my personal residence. i have around 650k equity on a million dollar home with 350k (mortgage + old line of credit combined). i wanted to take a new line of credit of about 500k to pay off the old mortgage and line of credit to be left with around 150k cash for some home improvements. i have been seeing rates around 5% but suntrust (link below) has an offer for 3.75% plus -.25% discount if paying from a suntrust account making the rate 3.5%. 

Unfortuna-tely, people nowadays do much on-line and not in person. 

One sewer line replacement with only $8k and your in trouble fast.

I'm certainly happy to discuss off-line if you want to share specific numbers, however, I'd say that you have a good start.  

Or do I draw a hard line in the sand and point to the HOA rules drawn out in the Trust, Bylaws, and CC&R's and pursue legal action if he continues to refuse responsibility?

Get those lined up ASAP.

Not quite into the flipping game yet, but also not investing in the state where I live so logistically I think I have more work to do before I can line up anything other than buy & hold.

hi everyone i am a newbie and i have a question about a line of credit i want to take on my personal residence.i have around 650k equity on a million dollar home with 350k (mortgage + old line of credit combined). i wanted to take a new line of credit of about 500k to pay off the old mortgage and line of credit to be left with around 150k cash for some home improvements. i have been seeing rates around 5% but suntrust (link below) has an offer for 3.75% plus -.25% discount if paying from a suntrust account making the rate 3.5%.

Hi Lynne, I would not count on FoxConn specifically - I believe Warren Buffet said something along the lines that rookies are looking for investments that bring applause and pro's look for investments that get greeted by yawns.