Hey @Adriana McLaughlin - This is actually the FIRST TIME I have heard of the term "ALL-IN-ONE-FIRST-LIEN", but after doing a little bit of reading on it I am not sure I still completely understand.Basically, you apply for a HELOC credit payoff your existing mortgage with this variable HELOC and then in theory have some leftover as well...so the advantage is paying off your loan early and getting access to a line of credit, but the disadvantage would be a variable rate mortgage for the reminder due on your orginal first mortgage? 

It is variable and it looks like rates won’t get any higher but who knows.

Highly variable but probably $180-$220 a foot

In addition, HELOC's are interest only and variable rates.

The interest rate is variable, and we pay only on the amount that we draw from the line.  

Hi all - I'm looking to BRRR a property and am exploring different partnership structures, including variable funding structures (ex: I put down 40%, partner(s) put down 60%, we own 50/50) - is there a good calculator that models returns at the GP level, LP level, and total project level? 

@Erik Henderson There are quite a few variables built in to your questions.

I can some up Western Wealth Capitals financial problems with Three words:  "Variable Rate Loans"!

You don't need to, especially on deals that just make sense, but it's a good inclusion if you already have your underwriting model in Excel or gSheets because you can use all those variables, once filled out, to auto-populate various Sensitivity/Stability Analysis charts.Here's what I have for Multifamily/Rentals (all auto-populated from the model):On Fix & Flips, I only include the ARV Stability/Sensitivity Chart (this is the entire model, stability analysis at the bottom):Since having these built out, it's something I mostly just glance at after underwriting to make sure everything looks good.

Unfortunately, this property has a variable interest rate that is currently 6.5 %.