Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

This approach avoids downtime and lets you start earning right away.Future Bookings:Taking over bookings can get tricky since Airbnb doesn’t allow direct transfers between accounts.

At this time I do not have any money in an IRA its in an account provided by my employer.

Couldn’t be happier about the outcome, their great tenants, rent is automatically deposited into our account and on time.

Make sure you account for all of your interest load if youre using a Heloc for permanent financing as you suggest.

Naturally, they are your competition and the daily rates need to be taken into account.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

They take the security hold for me through my Stripe account.

That will likely be one of the side effects of improving your property and should be accounted for in your analysis.

Sometimes there are accounting errors, like duplicated charges, so it’s worth investigating.