Our big cost is the mortgage interest, which is 8.3% on approximately $360,000, last year our mortgage interest was about $25,000.

The mortgage is $1800/ month, but I am looking to refi and pull cash out to finish the ADU and lower my interest rate by 1-1.5 points.Lessons learned?

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

I am not worried so much about maximizing it rather than that it gives me a bit; because as more of the estimated $150000 property mortgage I want to take is paid down, the numbers get a bit better with appreciation as well.

I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

You’ll want to find a reliable mortgage agent, property manager, and handyman.

Hi Mike,I'm a Los Angeles area based mortgage broker that can assist.

I literally laughed through the phone at his suggestion, because I was broke, in debt, and in every way and unqualified borrower, and the lending environment in 2012 was probably stricter than it had been since the invention of the 30yr mortgage.

He calls and tells me "the income to mortgage isn't 1:1 and he is going to have to let the lender know."

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?