All Forum Posts by: Ethan Griffel

@Austin Fogt perfect! That's what made sense in my head but wanted to make sure I wasn't tricking myself!

@Shaheen Seiffert thank you! That makes sense!

@Dan Schwartz the margins were definitely more appealing when not considering the HELOC but I was calculating both interest and principal repayment. It makes sense to me that I would only consider the interest and cost of opening the HELOC/fees and not principal in calculations?

@Kathy Henley thank you for the insight! That does make sense to me!

If you have used a HELOC as a down payment do you calculate the monthly payoff of that draw as an expense when running numbers on a potential deal? Example: expenses+mtg+HELOC= total expenses. Initially I have been doing it this way but then I got to wondering if HELOC payment is truly an expense because as you pay it back it reopens that credit to use again? My mind was thinking it's essentially putting the payback amount into "savings" that you'll have access to. Am I thinking this right? How have people calculated HELOC paydown when running numbers?

@Tim Clark absolutely! Thank you!

On SFR where it's easy to see electric/gas/water/garbage is it standard to have tenet pay those utilities? Are these market dependent or for single families are they always passed back to the tenet? Love to hear people's opinions! Thanks!

@Jeff Shumway thank you so much for the insight! Being new to all this the financing side and all the different "products" are very confusing

I'm curious on people's opinions between commerical loans with variable rates over 25 years vs conventional fixed rate mortgage over 30 years when looking at SFR and small (duplex/triplex) MFR. What are the pros/cons of each option?

I am curious what people's thoughts are on using a HELOC as down payment on home that aren't going to refinance high enough to get money out to then cover your drawn HELOC amount. In my mind this leads to "tying up" your capital and dog lowers the cash flow as your going to be paying the mortgage and the HELOC off with whatever it rents. Am I missing something with this or are there other options in this scenario??