Heloc

[Angel Dejesus]

long story short looking into doing a heloc. Bank of America offered 3.5% prime but when they checked the comps I was approved more than I was looking for and they broke down the interest to go down to 0% if I grabbed the whole amount I was offered which in turn it is substantial for the dp on 2 properties that meet the 50% rule. Let me try to break this down. HELOC for $150k. $529 monthly payments maybe at 0% factoring the fed crisis 3.5%.

Now the properties I'm looking into

                     13 units at $35k each 

                    Well 7unit and a 6unit

1. Income=  $4,661.   Expense= $2,071.01

Monthly NOI= $2,590

2. Income= $4,100.     Expense= $2,125

Monthly NOI= $1,975

WHAT DO YOU GUYS THINK