When you sell the proper, the question becomes whether the warrantee is transferable. 

I am commenting so I can be updated… the only advice I can offer bud is when you do your HELOC open up a separate bank account move the funds of the HELOC into your private account and then transfer it into the account for the Duplex that way when it comes for taxes you can write off the interest payments for the HELOC.

In additon to that, non local lenders often don’t know that Philly transfer tax is 2.14% so their loan estimates are often incorrect.

Transfer money out of the HELOC into another account, then transfer the money back in.

Hey guys.  I am scheduled to close on a property that has 3 doors/3 tenants.  These have been long term (1 tenant has been there 38 years) tenants.  Currently all 3 leases have expired and they are living there month ...

I would caution you to dig deep into each community to investigate rental laws, transfer taxes and other expenses. 

@E.

On tenants make sure they are current, get an estoppel signed, and have leases transfer.

Gracias.So far the only problem I have found is that my small local bank that originally worked fine with Venmo has stopped accepting their transactions so I am working with USAA Bank where I also have accounts to get the deposits transferred there.

It always depends on what kind of investing you want to get involved in and assets you have to work with that are liquid or can be made liquid like a 401k transferred into a self-directed IRA for example.