Lot division, owner financing, and leverage investing

[Colby Easterling]

Okay, so I have 3 Lots next to each other. 1 of the lots have 2 600SQFT homes on them.

Questions:

1. we were considering owner financing them out, but we also want to refinance the 3 lots so that we can invest in our next deal more quickly. This lead us to the possibility of 2 “rent to owns”. So we could refinance. Can you hold a mortgage or a property you are owner financing?

2. Both SF homes are one 1 lot. Is there a way I can split the lot? Tried the Zoning department, but they haven’t gotten back to me.