It’s building equity in an appreciating asset with a low 2.75% mortgage.

My real question is about managment because the reality is Im looking for a property on the cheaper end that i can drop 15000 into and have some cash flow and have managed 

I am considering a HELOC on one of my rental properties which has a lot of equity (~350k) and a low mortgage rate.

If anyone has questions about:Seller financingSubject-to dealsWrap around mortgage dealsLease optionsStructuring deals with minimal cashI’m more than happy to connect and share what’s worked (and what hasn’t) for us.

At that three year mark the rent should be more than the mortgage.

An STR that is poorly managed may leave the PM without his or her portion of the income, but it may set up the owner to lose the property if that cash flow was needed to pay the mortgage.

Once you see how much it cash flows, you can divide by your total cash investment to find the cash on cash return, then make assumptions about appreciation and mortgage paydown to find your total return.  

A second option is getting a DSCR loan.Lastly, knowingly leaving deductions off of your tax return to qualify for a loan is mortgage fraud. 

Anticipation of these cuts initially moved mortgage rates downwards to their lowest in nearly 20 months.

I would pay off the remaining 416K by getting a mortgage and hopefully have about 100K in equity.Anyone have thoughts or holes in this idea?