We do live in a small rule area where properties are a little cheaper, but so far it’s been very difficult to find something that seems to pencil out.

I would like to have a small portfolio in 2 years.

This will be an excellent home for a starter home, small family, long-term rental, and definitely a really cute AirBnB.

Since bathrooms are relatively small, using some unique tiles and fixtures won’t break the bank and will go a long way with buyers.3.

That’s a small fraction of what all that would cost in my market.

I'd need the interest rate to be roughly 5% to breakeven on an interest-only loan, and was considering a balloon payment in 5-7 years.

The balance on my bridge loan is $120,000.

Through a hard money lender, but I will take out a DSCR loan in March to refinance.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Make sure to provide clear disclosures to the seller about the risks involved, especially regarding the existing mortgage staying in their name.Insurance Considerations – You’ll need to work with an insurance agent who understands sub-to deals, as the lender might require a policy that keeps the seller as the named insured.Due-On-Sale Clause – While banks rarely call loans due, it’s still a possibility.