I appreciate the kind words Clarence

Hi all,Feel like I have this one kind of sorted out but I just wanted to run it by some people who may know better than myself.The plan is to pull out a HELOC to help subsidize a downpayment on my next rental property.

Nowadays, you need to work backwards:Start with your target ROIFigure out what the likely rent will beDeduct taxes, insurance, maintenance, vacancy, etc.Using what's left, determine what mortgage payment can be supported to reach your ROIFigure out, given current rates, what the P&I mortgage payment => mortgage amountAdd your 20-25% down paymentTHAT IS THE NUMBER YOU OFFER!

And any new builds are pricey, competitive, and or teardowns at this point. 30-45min from downtown it gets affordable and there are a lot of new builds like Wendell, Wake Forest, Youngsville, Fuquay Varina, those kind of suburbs.

Some sponsors are mitigating this risk by raising their own pref tranches from their own investor base, thereby giving them control over the terms.In a strong up market it’s likely that rent growth and strong demand will drive up income, thus driving up value, which supports the ability to take out the pref.  

Hi Dina,Buying your in-laws' home is a smart way to prevent a reverse mortgage and provide support for their care.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.

That is why I am here on the forum looking for knowledgeable people here that is kind enough to help people who are trying to learn how to do these things.

If it is some kind of big deal like it is an old metal barn eyesore on a downtown city block undergoing revitalization and you're going to build a $10mil apartment building on it, if you can get the land...hey hey maybe the powers that be might negotiate something with you, with perhaps a promise you won't fight value for 10 years or something like that. 

Thanks for those kind words @Daria B., You were awesome to work with.