Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Calculating your ROI
Hey guys,
Newbie here, just researching and learning the ropes before I buy my first property. As most newbie investors, I don't really have much money for a downpayment, however I do have a fair bit of credit available to me from my HELOC on my primary residence. As I'm trying to figure out exactly what my ROI would be, should I be including this downpayment from my HELOC into my calculations for my ROI? Also, I'll also be needing $ for closing costs which I would also need to take from my HELOC.
In short, I'm assuming I should include every dollar I am putting into my property into my calculations for my ROI regardless if the funds are borrowed from my equity. Is this correct?
Thanks
AJ Alexander