Given that we like skiing as a family activity and wouldn't mind moving to Colorado at some point this seemed like a potential option.Where I'm struggling on this is that it seems that the economics don't really make sense given property prices, mortgage rates, and occupancy.

You likely make $200 an hour or more.I personally would not dabble in another activity(beng an agent) where you may not have any experience and start off making less than $20 an hour.Yes, good agents can make more but I am just trying to emphasis the change in your hourly rate.

He does have good terms on his HELOC because it's older and a better rate.

I'm looking for a new lender for this HELOC product and I see this as the only solution if I'm going to keep my low-rate, first position mortgage intact.

The electric company installed the new meter for free after giving me a credit for adding laying the conduit required for the 200amp to 400amp upgrade.As for the 1/2" (non fire code) gyp, my understanding of the code is that a 1 hour rated assembly is required between "dwelling units."

Thx Bruce, Sorry, not sure how the 2% interest rate idea snuck in there.

If you give them $1M and you collect $100k in interest, that interest is taxed at ordinary income rates.

Do you have a general idea of the interest rate on the HELOC either for your primary house of investment properties that you could get?

The higher your credit, the better rate you will receive on your loan.

High volume discounts are available to everyone, irrelevant of deal type, with me.