Guys i have a question if i did the brrrr method all the way with the rent in the end..my question after i did the second mortgage of course... the equity i have in the property van i get Heloc on this or not ?

Mortgage, taxes etc amount to 1200 and HOA is 200.

I'm using Avail, so this would be an amendment to the existing lease (once signed, you can't edit the lease, only amend it).Thanks, everyone!

yes there are definitely options out there offering upto 80% cashout as long as the rent covers the mortgage even or better .

You will have a place to live and have other people pay down your mortgage.

These are the properties we see investors have the most success with (some quitting their day jobs from the cash flow).Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties where the condition isn't what it appeared to be and/or the tenants never pay rent.

I have been doing mortgages for 26 years and specialize working with investors and house hackers.

This really could be all over the place based on what type of properties ones has and where they are located.Expenses and mortgage also greatly affect the bottom line.Someone with 5 properties could be killing it or not have two nickles to rub together.

If you are buying a deal on the market, typically the agent will make sure everything is lining up for closing.Bank statements showing the availability of funds from HELOC or a mortgage statement should suffice.

My mortgage payments on the duplex increased dramatically over the last year as well, and currently it is appraised at 720K with 4,100/mo rent.