Pool house with plumbing Additional ~ 300 sq. ft. shop/storage buildingProperty on corner lot with 2 extra lots backing up to the end of a cul-de-sacPossibility of converting one of extra buildings to office for side-hustle/LLCGarage Appt #1:Connected to main house by a shared roof and connected breezeway~ 900 sq. ft. with kitchen/full bath/laundry and separate access/entry (stairs)Efficiency Appt:~ 800 sq. ft.

BP-I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next property

On the recommendation of a friend, I downloaded the Bigger Pockets podcast and was pleasantly surprised to find that the very first podcast in my list was Ep. 268 - Acquiring 20 Long Distance Rental Homes on a Military Salary with Rich Carey.

The way I'm thinking currently, is eventually I'd like to have a capex reserve fund sitting around $5k and using the HELOC.I am saving for vacancies in addition to my capex savings.

When multifamily investors talk about 1.90X, or 1.65X equity multiple, are they basically saying that if they acquired the property for $20MM, they will sell it for $38MM, or 33MM?

Before tax reform, you could deduct interest on HELCO loan no matter how you used the fund. ( for eg you could use that money for rental or personal expenses )For example, interest on a home equity loan used to build an addition to an existing home is typically deductible, while interest on the same loan used to pay personal living expenses—such as credit card debts—is not.Using the loan for a Rental activity does not qualify for interest deduction in your Schedule A as an itemized deduction.  

However, the home was "in rem" because prior to this investor acquiring the tax lien and the county had torn down a eye sore home on the property.

Lenders are NOT hesitant to ask for additional info I they think it's needed. 

HOA's can add additional restrictions onto existing city ordinances.

Hi all, I am acquiring 21 units in Houston inner loop and looking for good inspectors.Any recommendations would be greatly appreciated.