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Updated over 9 years ago,
Cash flow with a HELOC as a down payment
I'm wanting to start my fist deal, but my down payment would be from a HELOC from my primary residents. After doing the numbers, my cash flow would be $150- $190 per month. That is after NOI+mortgage+HELOC. Its my first deal and I'm getting the shaky leg syndrome. Any comments would be greatly appreciated.