--Did you even stop to think this through?

Some properties actually lose money each month but gain value through appreciation.

I recommend everyone always create their own IRR calculator as they can get pretty complex and oyu will want to understand all the inputs and outputs. we provide a basic one to those in our membership group but I always recommend build your own and understand not only the numbers but sensitivity that lines up with those inputs.If you are hard money lending thats simple as its just a column of dates and amounts for loan provided and monthly interest and points.

When you don’t have deals closing left and right yet, it’s easy to question if you’re even moving in the right direction.

There’s not really a lot of value add opportunity or sales comps in this space for our area.I typically (BRRRR) purchase fixer uppers with cash, fix up, rent, then refinance on a DSCR and get all of my money back.

The financing structure includes a hard money lender holding the first lien and private money lenders holding the second lien.How did you add value to the deal?

However, our current hard money lender only funds one loan at a time, limiting our ability to take on multiple deals simultaneously. 

My name is Naomi Pinger and I am a private money lender.

DSCR can cash out 80% even on 2-4 units, but I was referring to OP's request for HELOC on investment properties To further clarify my previous post: 80% LTV HELOCS on investment properties are available on single family homes, 75% LTV HELOCS on investment properties are available for 2-4 units. 2nd position?

Two identical homes located next to each other would come up with the same value, even though House #1 was just renovated to a very high standard and House #2 hadn't ever been renovated since it was built in 1949.I always tried for an identical (or nearly so) beds, baths, sq ft of living area, garage and acres.