Here in Colorado several local banks will underwrite HELOCs for over five properties (the properties must be located within their designated area).

Lynn M.What I have seen on Harp 2.0, is that it was designed to help the lenders maybe even more than the homeowners.

So, good underwriting and pricing.Public perception, do you lend to anyone that can fog a mirror for enough money or do you do speciality loans, actually designed and overseen for a venture?

@Steve Babiak @Jon Holdman @Steven Hamilton II ....Guys I have a couple: 1--Does the depreciation for a given year factor in the date when you made the purchase?

Actually more like 170k-180k tops minus, minus due to the factors previously described.It is definitely a solid rental market.

She is a executive interior designer for a major bank and she remodeled my kitchen.

:D I know it will take time and a lot of hard work, but it would be totally worth it to design the quality of my life.The reason that I have joined BP (instead of more lurking) is that I am looking for an opportunity to work for free 20 hrs/wk under an active and successful wholesaler to learn the business from the inside out.

How do you factor the cost of things like this into your calculations?

Just because you might have 125% debt coverage and adequate collateral with good credit doesn't mean you have the ability to endless funding, lots of factors play in to the picture that are beyond your control. :)

Good increase in equity , good cash flow, minimal vacancy factor and management requirements.