Also if you are an investor getting licensed to just find your own deals versus a career a principal broker might not want to put any time into you or take you on at their firm.

What you are referring to as to the loan stuff is a guarantor, carve-out guarantor or Key Principal.2.  

Formula:PITI (principle/interest/taxes/insurance)+maintenance + vacancy + capex *equal to or less than* monthly rent * 50% .So, for example:Monthly Mortgage payment = $1,000, made up of: $250 principal, $500 interest, $150 taxes, $100 insurance + $100 maintenance + $100 vacancy + $100 capex = $1300, so I would rent to be at least $2600 (2600 * .50 = $1300).As you go up in value, the split isn't quite as important because the gross amount of money is larger, even on smaller percentages.

Would be the same principal as a live in flip on a single family house but you would be living for free.Good luck!

Home equity loans are like a regular mortgage, you are borrowing against the equity in the property for a fixed term and interest rate. the Home equity line of credit is a loan that is against the equity in your house, but you do not have to get/ use it all, it's an amount that is available to you, you can pay it down with principal and interest payments, and as you pay the principal down, that money is available for you again to borrow against. the interest rate is usually variable and will change over the years that you have money borrowed out.

I'm looking for experienced people who have used either a 1st or 2nd lien HELOC to pay down principal on a mortgage

@Lear R.Regarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

My estimated numbers paying $141K are:  Principal & Interest $718.56Mortgage Insurance $31.96Estimated Escrow $59.17Total is around $810 + HOA $430 + Heloc $300 (for 9 years, lol) + electricity $200 = $1740I'm paying for the electrill bill because I'm planning to rent with utilities included since HOA includes gas and water.

I am myself a newbie and just started investing a few months ago and now have 5 plus rentals and one more under contract, all using heloc from my principal residence and having a good credit history to qualify for 20% downpayment 

@Justin KliphouseRegarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).