Currently I’m in search of my first property which I plan to house hack, ideally in the Central Maine area.

@Dan Krupa I'm looking at pulling equity out of my main residence and we should have +$150k.

For this scenario, let's say the home we currently live in is worth $240k, the current warehouse rental is worth $350k, and the upcoming warehouse will be worth $300k.The new home price would be somewhere around $400k so I would like to have around $100k to use towards a deposit, and then once we get in, then we sell our current home and take that $240k and put it towards the new home (probably as a refinance to get the best rate/payment).I currently don't have a loan on the current warehouse mainly because I wasn't sure of any loan programs that I would qualify for at the time I bought it. 

My main objective is to generate $15k of reliable, monthly cashflow in the next 5-6 years with a buy and hold investment strategy.

For this scenario, let's say the home we currently live in is worth $240k, the current warehouse rental is worth $350k, and the upcoming warehouse will be worth $300k.The new home price would be somewhere around $400k so I would like to have around $100k to use towards a deposit, and then once we get in, then we sell our current home and take that $240k and put it towards the new home (probably as a refinance to get the best rate/payment).I currently don't have a loan on the current warehouse mainly because I wasn't sure of any loan programs that I would qualify for at the time I bought it.

My main goal is as followed  House hack live in one unit rent freeMake $1k net per monthHave 30k-40 equity after rehabbing the property2-4 unit propertywhat I have as my financial outlook is as follows177k-182k2k debtcredit score 775I have year w2 with business income shownI (CARE ONLY ABOUT CASH FLOW I DO NOT CARE ABOUT APPRECIATION), and for that reason want to find a 3 unit place, I do not want to go to Newark and I am from Paterson NJ which I don’t mind hands on.

My main goal is as followedHouse hack live in one unit rent freeMake $1k net per monthHave 30k-40 equity after rehabbing the property2-4 unit propertywhat I have as my financial outlook is as follows177k-182k2k debtcredit score 775I have year w2 with business income shownI (CARE ONLY ABOUT CASH FLOW I DO NOT CARE ABOUT APPRECIATION), and for that reason want to find a 3 unit place, I do not want to go to Newark and I am from Paterson NJ which I don’t mind hands on.

While you can’t fully predict interest rate trends, you should pay attention to the Federal Reserve if you want to get an idea on those trends over the coming years.With the new tax laws, using a HELOC for that purpose is no longer eligible for a tax break.

. **** I am not a lawyer and information is for entertainment purposes only

Needless to say, I don't spend time with ppl less experienced than me, wanting to mainly see what they can get out of the interaction.