This isn’t an ordinary seminar .This is the key for you young people on the west coast fresh out of college Who don’t have any savings, any income ,and  no marketable skills aside  from regional beer pong champion.

In other words if rate is fixed at 5.2 today with 25 amort. for 5 years then in years 6 to 10 when that time comes the ceiling was for example 6.50 rate.

For example in my county the records aren't even electronic.

Tenant quality is probably going to depend on neighborhood. for example, if you live on a street full of duplexes, the population density is going to be higher and higher quality tenants will shy away from that.

Example - A MHP has a land value of $1,000,000.

Fresh CCM grad, in my first attending job, and finally have the means to dip my toes into the REI pool.

This is a key assumption to my problem so if that is incorrect please let me know.The excel formula of course uses the syntax IRR(values, guess)For this example:- Row 1 will hold yearly cash flow for years 1-5.- Row 3 will hold sale proceeds- I will sell the property in year 5 So it will look like this:A1= 100 (cash outflow)B1= 10C1= 15D1= 15E1= 15E3 = 25 (proceeds from sale of asset)Here is the formula I am using to calculate this=IRR((A1:E1,E3))This will return a value but I am not sure if it is the correct way to calculate this because I am not sure how Excel is interpreting these flows with regard to timing.

That's actually a great example of how much terms/conditions vary on HELOCs.One thing I don't see specified, which means usually they're more conservative in this area, is CLTV.

Again, this is just an example, but I have heard of people getting 100% of their deals funded with no money out of their pocket.

For example lets pretend that you cash flow $3500 per month, so you offer to pay him $3,000 per month till paid.