I'm not really cash flowing much as I cut her quite the deal to help her out but I will have it fully paid off in the next year or so as I've really buckled down on additional payments to principal.

If I go for 30 yr, another option is to pay down extra principal every few months.

And for me everywhere I have looked and talked to another lender even told me that during the draw period it should only be interest only and then after that it will be principal as well.

Step one seek proper legal advice.It seems a lot of people depending on investment dollars from abroad should outright determine if the other party is an investor or a principal.

The principal portion of your payment will get deferred to the end of your loan creating a slightly higher balloon., The interest will be recaptured when payments resumes so for the next few payments after resuming regular scheduled payments more of the payment (than normal) will go to interest until the deferred interest is recaptured and then it will normalize back after that.”

Keep in mind, the rental amount needs to cover the principal and interest of the HELOC, plus the property taxes and insurance if you are looking for monthly cash flow. 

In my state you have to disclose you're an agent and you can't act as dual agent in a transaction in which you're a principal.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5-year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Solo 401k vs.

I ask cause if its late in the loan then your paying more principal on it if you take this sub to.

So you defer most of the principal payment to the future and let inflation take care of it.