Is this a bad idea?

(ARV x .65) - repair costs, holding costs, etc = Max OfferStarted my career with this formula and if you can stay disciplined enough not to violate it there's plenty of readily available capital to borrow.Go get it dawg!

Hi Nikhil, I'm not expert on this kind of market but wanted to flag how bad the situation has now become regarding tax and rental properties if you are subject to UK tax.

Probably need a lawyer if it’s that bad

Hi guys,I am looking to start my BRRRR career by using a HELOC on the first home we purchased and lived in for 1.5 years, but that we have been renting out since February 2018.

Then you need to pull together the bad comps the appraiser is going to find and explain why they are bad comps.

I also played sports during my college career (swimming), nationally and internationally.

Cannot speak for myself but I can speak for my (former) neighbor -- bad tenants. 

I am not seeing how many units are in this asset which would help.I would not personally want to be buying an asset that doesn't at a minimum kick off $100/door/month in net income.With only 2-400 in net income per month you are 1 bad tenant, 1 leaky faucet, etc. away from a loss.If you could see a very quick turn around on rent---IE: all tenants are month to month, and we can raise rents $50/unit in 30 days that might keep my interest long enough to dive deeper.Cash Flow is more important than the Cap Rate on this deal.

No this is a bad idea lol