I do a lot of private lending and we do make some passive interest, but the good fixing flippers make the bulk of the money.

With software like propstream I can even look at seller mortgage details and MLS private remark.Getting license you only know the legality aspect of being an agent but doesn't necessarily means you would be a smarter one to get to know the market.The only thing that I can not do with propstream is I can not download all disclosures when I try to purchase.

We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

I am interested in utilizing space again for group meetings, workshops, and for clients who may still desire private space.  

But, the self-sufficiency test for FHA loans can be really difficult in SF, meaning that the market rent from units you will not occupy must be sufficient to pay for the mortgage payment. 

This is making my mortgage payment go from $2,293 to $3,308 per month. 

The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.

Often you can find these lenders with a mortgage broker or by reaching out to a local bank or credit union in the market you wish to buy.Cheers!

It seems that there is some risk associated even if it cash flows because our names will still be on the mortgage and affecting our DTI ratio.