If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

Roughly $600 per month in positive cash flow.What made you interested in investing in this type of deal?

Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.

Quote from @Natalia Perlova: UPDATE (in case you are interested).

.: Hopefully you guys can help answer this for me...... 

Once you start learning how to identify a good deal financially you also need to make sure the property is not in a really crappy depreciating area or that the building is completely falling apart structurally.Hope this helps.

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?

👋It’s a pleasure to join this community and connect with people passionate about real estate.

However, after waiting and testing again, the backup reoccurred.At this point, the plumber snaked the line from the cleanout towards the city’s main sewer line.