No tenants or cash flow.

Hi group I’m looking for lenders that have programs for heloc on investments properties I’m in lake county IL right now I believe is better to do a heloc or 2nd loan because if I do cash out refi I be loosing cash flow or any advise 

Hello:I am not sure what interest rate to use while calculating cash flow.

DSCR would be the easiest route and then you can rent all the units instead of living in 1 and cutting your cash flow to 2 versus 3. 

To get this, I’m paying them about 10% over asking price in total purchase consideration, but the terms and monthly payments are so favorable that it really doesn’t make much of a difference.Although I’ve read extensively about these deals, this would be my first and my big question is around the taxable basis of the property.

The cost would be a lot less to acquire and the monthly expenses would be considerably less too.  

And how do you plan to pay for the build, cash flow it or construction loan?

My biggest concerns are - to find a deal and then actually get a cash flow from day one. 

Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.

Now we just have to focus on scaling over time to meet your ultimate cash flow goals.