From the letters we sent out in our areas we have been able to purchase (some we have kept as rentals and others we have sold).

Purchase price: $242,500 Cash invested: $13,450 Single Family Cape Cod - Value Add - Short Term Rental - Long term hold What made you interested in investing in this type of deal?

Purchase price: $150,000 Cash invested: $182,000 BRRRR SFH and fourplex, five total doors.

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

I have a property that I purchased and flipped while it was in my name.

Ready to jump ship on our lender if there's someone else out there that can get us to close by March 16th.Details:Powell County KY 35% down Excellent credit (although we've had two hard pulls recently - by the same lender)Property appraised for 3% over purchase priceAll paperwork (tax info, pay stubs, bank statements, etc.) in a folder on my computer and ready to submitHurdles we've been dealing with:- Unresolved mortgage on previous owner (we've been told it's been resolved)- Small judgement lien against previous owner (<$1000) can not be resolved.

Turbo tax will prorate your depreciation for you when you input the purchase date but you need to input the land value (1/6 your PP in my example) and what % the rental is of the dwelling. 

Look at both scenarios using your numbers for your area, and if the ADU pencils out better in your investment criteria than a new purchase, great. 2.

What loan are you purchasing with?

Your sample $10,000.00 investment would have purchased 1,000 shares.