Yeah we get 1% interest around here and the best part is that mortage is 100% tax deductible. 

Frequently the REI/consumer applies to 3 or 5 different HELOC lenders before a credit line is actually opened -- the better rate HELOC has higher standards, so REI/consumers go through this time-exhaustive exercise of getting denied a bunch because the 4 best rate HELOC lenders denied them, it's not until the 5th that it's approved and open.

I've never actually wanted to do this before, but now I'm considering it.Does making a partial payoff on the principal of a standard fix/flip hard money loan(12 months interest only with balloon, no prepayment) actually reduce the monthly interest payment?

That being said, the city of Wichita is experiencing population growth but it is well under the national standard.  

Seems like it's pretty standard for Loopnet listings to use proforma numbers to value the property, if nothing else just in case a potential buyer is a newbie and not paying attention.

@Patricia K.The income from private lending will be considered interest income and unfortunately does not qualify for any deductions associated with owning an investment property.

There is a new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

What you provided is standard CYA language that puts the burden of research on the buyer prior to bidding.

Mike were talking about you today, He just got an Email from Ben Frederick saying some of the new inspection standards will likely change.

The Heloc on your primary for expansion is inexpensive and pretty standard fare if you plan to keep the house.