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.  

The one bedrooms are much cheaper and easier to afford the down payment.  

You normally need a 25% Down payment.  

I was quoted the following:Single family home/Fee Simple townhouse- 20% down payment: 5.875%- 25% down payment: 5.625%Condominium-20% and 25%: 6.375%- 30% down payment: 5.375% 

If you find a home in the Midwest that is cheap enough for you to save 20% for a down payment instead of 3.5% you could get a conventional loan and not have to wait. 

Having a couple of credit cards, student loans, car payments, home loans, etc. and paying them ON TIME every month will increase your credit score. 2.