TemekuT, good point, I only assumed that a piggy would never heloc over 100k of non aquisition debt, we are a collection of the most frugal financial throwbacks I know, which is why I like it here. Silly me, I’ll go sit in my corner now.
Now if you heloc’d 35k for a pool and 20k for your honda accord or used lexus, you’ll be fine, but don’t take the car out of the house on a 10 or 30 year loan, get a standard term auto loan and have a pre-subordinated lien dropped on the house, but with the car as the primary collateral (house is just for show) so you can get a 1099-int.
Rent your jet ski’s or find friend who has them, don’t drive lifted trucks, it screams small pen&*, and pay cash for travel, so endeth the lesson.
