Since I undertake a number of projects with passive partners who maintain ownership interest in the LLC, I often have to negotiate this with the banks ahead of time as I customarily solely guarantee the debt and that's my LP's expectation.

Ideally a HELOC is used for less then a  year project where you can refi or sell to pay back the HELOC. 5 years is a long time, things can happen and if you reduce the cashflow on both properties you'll be increasing the risk and having thinner margins.

check to see if there is still 179 on airplanes.. and then put it in the rental fleet at a very good FBO and then use it when you want to visit your new holdings your 1031 into.. buy RV's and put them in rental fleets.most syndicated RE projects these days will have some tax benefits.. just musing here.. 

This is typically for most people not a DIY project. 

Morning!  I'm not a real estate investor, but I like learning. I'm currently reading David Greene's book on BRRRR and was curious about how you all go about planning or visualizing added rooms to potential purchases. ...

When we moved our companies to a new accounting software we looked at Quickbooks, but found its international awareness (tax rules, multi-currency, locale support, etc), project/job, and multi-company abilities to be clunky.To be fair, none of the candidates hit everything on our wishlist.We ended-up selecting MoneyWorks by Cognito and have been satisfied with it over the past three years.

Their first project...a neighborhood of single-family homes...yielded a steady 8% ROI in its first year.2.

Multifamily projects often yield higher per-square-foot returns due to economies of scale and consistent demand for rental units in urban areas.

These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

Hey @Keenan Patton,This deal looks solid with a projected $60K profit, $435K ARV, and a $13K assignment fee in Northern California.