The owner ceased communication back in March, and before that, communication was sporadic and the owner was very difficult to get ahold of for updates.

Many investors believe that interest rates are the reason why deals have ceased, but from what I've seen, that hasn't been the case.The finance method has changed, not the opportunity.A few investors are switching to:Property income-based deals that are eligibleShort-term funding for value-addingLoans are structured around the transaction rather than personal income.Are you wondering what tactics other people here are employing to maintain deals in the current market?

Meaning after opening the HELOC, 10 years later it will cease to be a HELOC.

The best part is rolling the win forward with discipline instead of chasing bigger risk on the next one.

I’m considering refinancing the loan into a DSCR in the LLC's name to clean up the structure and improve cash flow.Current loan:Interest rate: ~7.4%Loan balance: ~$260kAll-in PITI: ~$2,25030-year fixed, recently originatedRefi (DSCR):Rate: 6.5 (can go to 6.375 at one-time cost of $388)New loan balance: ~$277k (fees and costs rolled in)All-in PITI: ~$2,150Monthly cashflow improvement: ~$100No PMISo on day one, the refi improves cash flow by about $1,200 per year. 

Quote from @Gabriel Tocci: Cool I am in Johnson City TN (Knoxville was closest location tag for this post) - let me know if you roll through town Happy to drive up your way later this week if there's no weather shutting down the universe haha

But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:"Missouri’s State Tax Commission ordered Jackson County to roll back its 2023 property tax assessments, which raised homeowners property assessments by an average of 30% and more than 100% in some cases.

I just think that not paying interest in the long run on an additional $200K and rolling the proceeds into the new house outweighs the annual income of $10,800 per year form the rental.  

I would get that ball rolling the second after you sign the papers for the owner financing.

I'm wondering if we chose to use the equity would people recommend out of state investment(I'm from Michigan so have some connections there)or in market and keep our current as a rental and try to roll equity into DP on a larger home and do flip's like 1031 style?