Hey guys, I was wondering so when Im doing calculations like the 50% rule and per unit calculations like when people say for a multi unit you should have about $100-200 per unit.MY question you you guys are calculation this mortgage are you guys using a 30 amortize or 15 amortized.

I backed into an ARV using a 5.5 cap rate for a turnkey property on my forecasted NOI.I then used some per door averages from some comps around the area as a sanity check.Hope that helps.

I have already asked this question a few months ago but sitting here on the couch something dawned on me.My original question was can you qualify for a fha loan while you already have TWO other mortgages that are NOT ...

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I am interested to know how using a tax-deferred retirement account to purchase a rental would affect my ability to use depreciation.  

We've looked at purchasing and house-hacking another 2-4 unit in a better school area for our kids, using a conventional loan with 5% down on a duplex or 10% down on a 3-4 unit.

A 3-unit property became available recently, which intrigued me primarily because of its location (highway accessible, proximity to major city, and proximity to new 500-employee office building).Projected Purchase price:  $150,000 Initial costsDown payment: $37,500Closing costs: $7,500Initial renovations: $2,000$47,000 = Total Initial investmentMonthly rent: $2,025 (total from 3 units)ExpensesMonthly taxes: $186Monthly insurance: $63Monthly utilities: $255 (sewer, water trash)Monthly management: $203 (10%)Monthly maintenance: $203 (10%)Monthly vacancy: $169 (1 month of rent)$1,078 = Total Monthly Operating ExpensesI am planning on using a HELOC entirely to fund the purchase of this property (down payment, closing costs, initial renovations).Debt serviceMonthly P&I - Primary: $586Monthly P&I - HELOC: $285 $871 = Total debt repayment$1,949 = Total Monthly ExpensesMy thoughts/questions:In this scenario, the cash flow is next to nothing ($76/month).

We will be using a combination of a refi (likely with a bit of cash out to bring us to 80% ltv) and/or second mortgage to fund the addition, but will be doing all the labor possible ourselves.

I do like the idea of using a home equity line of credit.

Please see below for the breakdown: Current state appraisal value: $270,000Value after renovations: $330,000 (using a 2 mile radius)Mortgage debt: $78,110.34Credit line: $130,000Credit line fee: $100Interest rate on credit line: 3.5% (can freeze rate three times) Labor quoted by contractor: $50,000 (doesn’t include window replacements as not yet quoted)Materials: ???