Hello Everyone.....i just joined this forum bc as i was scouring the internet over the last couple of day this forum kept popping up as full of information. so thank you all for letting us newbies access all this wealth of info. my situation is as follows. current mortgage balance on 2 family home: 360k @ 3.75% for 30 years ($2300 montly PITI)current market value by a local Credit Union: 553kjoint Debt between me and wife: 77k (majority is student debt)Montly Debt payments: $1265.00Rental Income from Duplex Apt upstairs: $1700.00my idea is to get a 10/20yr HELOC for 80k to consolidate our Debt obligations and then paying only the interest on the HELOC (5%) is a 333/month payment. basically converting our 1265.00 montly debt obligation burden into a 333.00 burden. we would be responsible for the mortgage (2300.00) and the HELOC interest payment (333.00) which is 2633.00this minus the 1700 rental incomes makes our montly home burden 933$ dollars.our monthly income combined is approx 6k after taxes but we also have daycare and food and car insurance and the like. my idea was to basically transfer and extend our current debt to a lower montly payment as we plan on moving in 1.5-2yrs and then fully renting our 2 family home which should bring in about $3500 a month conservatively (city property with 2 parking spaces). the rent of the home would cover both the mortgage and HELOC interest payment and STILL be positive cash flowam I wrong to think that then the HELOC would basically be paid by the Tenants and not me....in a way i would have transferred our CURRENT debt to another debt vehicle which would then be paid by someone else. the plan after paying all of our non HOME related debt would be to save aggressively. i am thinking 2k-2.5k a month should be doable. although i have also thought about aggressively paying down the principal on our primary mortgage instead.am i missing something. i know people dont like HELOCS bc of the variable rate...but is interest rate important when someone else is making the payments?

Evaluating the resale value of the homes individually is another proposition altogether.Hope that gave some food for thought!

Just food for thought.

During this trade war (2018) and with the recent CA weather, food is a commodity that can only go up.Maybe you could target a multi-million commercial farm deal in the future?

(cab fare)  milk was and still is $9.00 a gallon here. gas $4.99  fortunately 3 of the duffel bags had ramen noodles and dog food in them. im in process to buy unit 9. 

We also were told that Whole Foods was going in.

When the government took food, energy, and housing out of the CPI they removed the 3 most important items in peoples lives.

But, you're right that entry-level farming is very difficult to get into, which is why local ag is in a death spiral all over the country, at the same time that the city folks are begging for local organic food and willing to pay top dollar for it. 

Great food for thought.

Electricity has been off for days, full fridge of food that is rotting, dog poop EVERYWHERE, most of his furniture and garbage is everywhere, baby room still has crib, changing table even a car seat, hell they left their keurig, the only thing we see missing is their tv and clothes--multiple holes in the walls chewed out from the dogs.