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Updated about 5 years ago,
Simple Question about CoC Return w/ No cash down
Just bought my first deal. Made an offer, 47 days later a tenant moved in. Woo!
I paid for it by using HELOC funds for closing costs & 25% down payment, & I mortgaged 75%. Since I have no "cash" in it, is my CoC Return considered infinite?
Or would you all consider the Heloc portion of it the "cash"?
Edited to add: The rent covers all mortgage, HELOC pmt, prop mgmt fee, plus some.