There is a townhouse i'm interested in for 600k. On the market for 10 days. I want to put down 20% (40 in cash, and 80 in HELOC borrowed from a relative) Is there a way for me to get a high appraisal, to pay them back the 90k right after I make the purchase? The appraised value would...

Everyone brings up really good points, which is making me look at real estate investing in the different way. What should a typical cashflow and rent to value ratio be?

^^ I was going to reply to the others as well. Thank you everyone for your replies. It seems as though my properties are too expensive for the rent I'm earning. My question is, why is it smarter to buy an older property (higher rent to value ratio), than a newer property (lower rent to value...

Bizaro86, so if the assessed value is 450,000 then I can get a HELOC of 360,000? Sorry, I'm not understanding

Hey everyone, I started investing in real estate about a year and half ago. I would like to buy more investment properties but currently do not have much in terms of cash. I am unfamiliar with home equity line of credit and refinancing. Can anyone shed some light as to what my options are if...