I'm looking into a 1st Position Heloc for my rental property in CT.

@Vijay Radhakrishnan Thank you so much for the positive feedback. 

Hi,Wanted to check what cash on cash return/cashflow I should expect for units in University City area (West Powelton, Powelton Village). Inventory seems low, and I am trying to househack my first unit. However, the u...

Did you ever find a solution for a 3rd position heloc?

The most reliable method to locate liens and their positions is to conduct a title search through a title company.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

She is not in a position to lend a personal loan to me. 

All of their products are Dutch-interest and their highest leverage option is a 1st position with a 2nd position loan wrapped with it to get to higher leverages.  

Nobody is asking anybody to give up anything.What I am trying to ask is: from my experience, there is no positive cash flow that actually is really positive.

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.