How do I analyze a rental deal when using a home equity loan from my first home to do the deal? I know how to analyze the deal like normal but want to make sure i get all the right numbers for if I do the equity loan for the down payment. Thanks.
Go with the 100% of the amount of the project and see if those make sense first. If not then go with the amount you are financing minus the down payment.
You would analyze the deal the same way @James Fain but you now will include the payment on your HELOC as well. That way your numbers should be accurate.
Great. Thank you.