Remember with a heloc, you only pay interest when and if you've withdrawn the money and once you pay it off you can use it again.

Pay them to leave. 

If you are living in one unit, will you be paying less than you currently are renting? 

Instead of just accepting pay stubs or income statements, contact the employer directly to verify employment status and income.4.

Pay them back.

On one hand, paying all cash minimizes risk and lets me reinvest profits quickly.

contractor, roofer, investor and boots on ground here in jacksonville, Reach out to me  anytime!

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!) 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $21,000

Cash invested: $25,000

Sale price: $55,500

Contributors:
Peter Vekselman

Partner Driven...

Often lists for your area are free, or if you pay for a subscription from a local provider it probably will have more helpful detail you will want.Have fun, but leave your credit cards and checkbooks at home so you won't be tempted.