The best part of using Cozy.co is that after I approve an application, I can immediately set up their rent payments online, it is direct deposited and free to use. 

How to manage the equity or profits above and beyond the monthly payment?

My initial plan is to sell and use the money for a down payment on a multi-family that I can house hack, but am open to advice.  

Let's just say they walked with $90k in their pockets if they sold... how much of that were they planning on using for a down payment in NY?

Basically they are saying "assuming you took out a mortgage at 4.75% with a down payment of $75k, your monthly mortgage payment would be $1,283/month or $15,396 annually"

Why not use the 170k cash as down payments on 3+ properties???

I am very proud of his achievements and can’t wait to see him continue on his journey of wealth building and living a life by design.Here is his deal breakdown: Purchase Price: $255,000Down Payment 5%: $12,750Mortgage Payment: $1,731Rent: $1350 & $1200 (Scott will be occupying the $1,200 unit) Payment Out of Pocket: $381                                                                                 The head of our marketing department is also under contract on his first property.

No Down payment?

Hi @Andrew SyriosWhat is it called when a borrower who has a heloc pays their monthly interest payments with the heloc itself?

Also, I've heard of HomePossible and HomeReady conventional programs, and I believe HomeReady you can own other real estate and still do a low down payment program, but I'm not sure if that's only for single family homes only.