I found your other post and the average rehab cost to get a property back on the market was very helpful as well ($1400 every 18 months is pretty close to my estimate of 2% of property cost at $980 per year so I’m glad I’m in the ballpark).Let me ask you both, at some point purchasing for buy and hold in this area would be worth it (at an extreme example, any of us would pull the trigger if it only cost $1), so what would it take to make this deal look positive in your books?

If you have a tenant that should pay 100,000 in rent over 3 years of the primary lease term then 4% of that is 4,000 to the brokerage.

The good have been well behaved, quiet, and a positive experience in the unit.  

HELOC can free up the additional 10-15%, but comes with a price (fees, higher rate, higher risk).It may take a while to save another down payment on annual positive cash flow from 1 property, depending on your numbers.  

Seller financing isn't always a good option because banks specifically forbid it, because the buyer has to take a deed transfer and that would cause a lien position loss on their end. 

Newbee real estate investor looking to put equity in primary home to work for me.Looking for insight, financing, and suggestions on successful real estate investing.  

I am in the process of looking for my first real estate deal in West Michigan (Muskegon/Grand Haven area) and am trying to determine whether a cash-out refi or a HELOC on my primary residence is a better option to fund the deal.

The difference can be significant- it certainly has been in San Francisco.2- as for gentrification itself, the irony is not lost on me that a well educated African American woman should not improve a neighborhood:)  you can think of yourself as a positive example for an impoverished community.

Having a steady income through another job is a good position to be in to do residential properties, as you can get residential loans.  

Hello,I want to know if I will get the same low rates as everyone else or if I will be punished when I get a loan to buy my new primary residence?