I like 3% to 5% or $5000 minimums, which ever is greater.Rule 6.

Anyway good luck on which ever way you decide to go.

I'm not sure if this changes anyone's answer but my long term goal is to own enough properties to cash flow $20,000 a month after property taxes and insurance so whichever way will get me there the quickest, I'm going to go with.

Again, rental property will act as collateral (unless you use your own home).Which ever one you use be sure to get new rental property "cash-out" refinanced to get your first rental out of being used for the HEL collateral or pay down your HELOC. 

So, I propose some questions to get the discussion started (whichever ones you're comfortable answering :-)).      1.

Because an IRA only allows you to contribute up to $5,500 per year, if you want to make more contributions for tax benefits, you can always contribute to the new 401k and let it grow in whichever investment options you have access to, through your new employer.

Work with an agent or attorney on the contract, whichever is standard in your state.

When the property is free and clear, to ensure the buyer avoids any possibility of the payment shock guideline when they refinance, we generally use a factor of current market rate + 1.5% or 6%, whichever is greater plus or minus any juice you want to add.

thx Paul...i will..well, i was super excited by the idea that i could get into real estate without any money at all and so i told a bunch of my friends about what i was doing...told them the kinda properties am looking for and then all of a sudden they all started calling me to inform me about whichever deal they would find...and they are doing this for free...so this deal in particular is the one out of the sooo many that seemed in line with my plan...ya so that's it...hope that helps Jahvin

I know that LTV is typically established by either the purchase price or appraisal (whichever is lower).