Hi Jeffrey,Most lenders do not offer a HELOC on investment properties and there are some programs on investment properties but they typically cap at 70% CLTV.

Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right For the best rates, to get near the 7% on a 2-4 family you are going to need to put down 25% instead of 20%. 

This is what he put in the description of the quote"We found the sewer line in the left apartment has a cross under slab with a clenaout cap under the slab as well.

id=10Es_tZ8EAUJSS5c2UDGC_LZAP0_W2PA5&usp=drive_fsQuote from @Michael Carlson: Quote from @Jaycee Greene: @Michael Carlson With those numbers, and using $2,400/unit for rent, I'm coming up with a 7% cap rate on the $580k ARV.

LTV can reach 70~80% even the cap rate is only 4.0%.

And when you have major cap ex issues that come up, keep some of it or all of it on the down low.

You should look into Columbus Ohio - you can still find deals here from 120-180k, which would get you a much better bang for your buck than investing in California. 

If you're looking at commercial real estate and considering SBA financing, you need to know the difference between the 7(a) and 504 programs.SBA 7(a) Loan – The Versatile Option✔ Max Loan Size: $5 million✔ Down Payment: As low as 10% (varies by lender and deal structure)✔ Eligible Use: Real estate, working capital, equipment, partner buyouts, business acquisitions✔ Term Length: Up to 25 years for real estate (10 years for other uses)✔ Interest Rate: Variable or fixed, typically Prime + 2.75% (capped by SBA)✔ Key Advantage: Flexibility.

Then you can just go to the chat, and analyze the deal, it can even pull CMA and rental estimates, count in the repairs and get you cash-on-cash or cap rate or whatever metrics you need.

NOI divided by purchase price gives you cap rate.