I personally have not seen rates higher than about 14% (not counting servicing fees).

Are there any duplexes, triplexes or quads in the area that you can afford once you count the rental income?

The duplex I just acquired generates over $600 cash flow to start not counting the HELOC.

@Kevin G.It’s normal… It’s a simple condition… The underwriter wants to know that you don’t have a private loan out there for these properties because if you did then she will ask to count the payment in your debt to income ratio.

I think the key here is really developing those relationships with people who you can count on to take care of your best interest.

Does the bank count the rental income along with property value when looking at a refinance?

When you submit your property, give them the address, square footage, year built, number of parking spaces, traffic counts (if you know them), what other stores are within a mile or two, and so on.

At least nobody who will do it for you reliably and consistently that you can count on when you manage close to 500 doors.

This can be quite complex and you are in essence getting taxed on a tax deferred account (defeating the purpose).As Dmitriy pointed out, having your partner use their IRA to fund the deal as a note and deed of trust will avoid this taxation to his/her IRA so all you will need is loan docs drafted and executed.

10k tied up in a depreciating asset so you can’t really start counting cash flow until that is recouped.