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Updated almost 7 years ago,

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16
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0
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AJ Alexander
  • Newmarket, Ontario
0
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16
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Calculating your ROI

AJ Alexander
  • Newmarket, Ontario
Posted

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

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