Affordable housing starter homes is where the growth market is.If it were me, I would turn around and sell them all for a profit and buy other cash flowing multi units but you have a great opportunity for tenant buyers if you wanted to rent for a while and sell 1 when you see a better opportunity.I would not combine your properties.

These are my HELOC terms:Assuming an appraised value of $225,0001stmortgage set up at $180,000 80% loan to Value (LTV)HELOC (Home Equity line of credit) set up at $33,750 15% (LTV)Combined loan amount $213,750 (95% of the appraised value)Interest rate 1st mortgage 3.875% 30 year fixed rate conv loanHELOC interest only ARM: WSP + 1% (3.25% Current WSP index + 1% = 4.25%) Principle and interest payment would be $846.43Full monthly obligation including Home Owners insurance ($100 per month) and Taxes ($100 per month) : $1,046.43The interest only payment on the HELOC assuming the full draw of $33,750 at 4.25% would be $122 (shown above) Total monthly obligation between both mortgages : $1,168.43~$25,000-26,000 – would be the cash available from the HELOC at closing What this refinance accomplishes: ~$25,000+ out in cash for the real estate investment opportunities Escrow refund – should be a wash with what we are estimating we would be setting aside to start your escrow (~$1,200) and that is your money to do with as you please Creates a HELOC that you can tap into on an as need basis (during the draw period which is the first 5 years).

Some reasons why so many people are flocking to invest in this cosmopolitan community would be:- Low inflation- One of the safest cities in Ohio- Low cost of living- Growing metropolitanToledo Investment Properties provide investors with a unique comprehensive platform that makes Toledo a logical place to invest in.

There is a unique situation in which there is a 4 unit property for what I consider a large, but reasonable, sum of money in a great area of San Diego.

Hopefully by combining the two I can get to independence sooner!

Every one has their numbers and they're usually a combination of what they've heard more experience investors want and what they themselves want.

@Jonathan Santiago, my one bit of advice is that your situation will be unique to you; thus you must contact a qualified tax professional, well-versed in real estate matters.

He said he is basically making about $350 a month from it.He wants me to combine our savings together and go into a property here in Salt Lake City.

If you have a unique deal and need helping funding it they will bend over backwards to make sure they do everything possible within their power to close on it, even tossing out low appraisals (I did that while I was an UW) on certain deals where the appraiser was being a moron.

Every person is unique.