That means you have to have cash/margin available to buy the stock if the option is exercised and that can be difficult.

The due on sale clause has been violated using this method, but it is difficult for the bank to find out.Mike

It works sometimes but is very difficult in this market.

I've been through the file and I know what the balance is and what the bank is trying to recoup from the additional costs.

You do have to balance how much you want to be in the business of fixing crappy old washers and dryers...OR you just buy nice new ones and extend the expected life out to 10-15 years.

As you pay the HELOC down, there's money you can use for a down payment.There are plenty of 100% financing programs available, but the more properties you own, the more difficult it gets to get approved for a loan without at least a small downpayment.

Note: If they are difficult to talk to on the phone, they may be difficult in person – brace yourself!

It’s overkill and too high-end for the properties overall value, so the final decision on remodeling and additions comes down to balance and a happy medium being reached.

Difficult tenants, costly repairs and falling rents can eat into your profit.

I finance it the balance, in this case 9%, 30 year amortization, 10 year balloon.Some people think I'm too generous with my interest rates, but I'm getting 9% on the $64K loan.