My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

Small multifamily is a good asset class. 

The area you're targeting might be too small for anyone to be able to provide any detailed insight.

DIRECT MORTGAGE LOAN COMPANY6.

I assumed you'd use HELOC for down payment + another loan for the rest. that is 100% financed. 

hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get s...

I am looking at Carrollton ga to invest in long term rentals either SFH or small multifamily.

I once had a cabin in downtown Gatlinburg that had a small sleeping loft that was built out by Dolly Parton's brother back in the 1970s. 

However, after talking to some loan professionals, it seems that there are always origination fees, appraisal fees etc.My question is, what fees should I expect to pay when opening up my first HELOC.  

Some banks and lenders will calculate your Heloc payment based on the Max limit even if you only have a small portion used due to preventive risk.