I would like to get in touch with lenders in the SC market for purchasing and refi transaction.Contact me for details.Thanks

If you’re not showing any positive net rental income and you have w-2 income you don’t get to write off infinite rental expenses, including depreciation. 

If the numbers don't work now, and they don't work in the future, better to get rid of it now. 

@Sam Kahl this is so awesome, I'm going to start looking some more at how to apply the formulas and start getting some of that muscle memory

How do I get to 5, 10, 20 properties with DSCR?

- We don't allow owners to get involved and most PMCs we know don't either.

If have any questions on how to get started feel free to reach out. 

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

But I have to get to know you first.

Easy breezy and if someone gets hurt or has a gripe and sues, as y'all probably know, they sue everybody!