I find this data super interesting, and took the opportunity to dive into their 2025 edition this week.Nationwide they say we can expect:Average mortgage rates of 6.3%, with rates edging down over the year to reach 6.2% by the end of the year.Home prices will grow by 3.7% across the US, which is pretty modest.

on the HML did U not get a first position mortgage or deed of trust with lenders Alta ?

Unless this is some type of homerun deal, which I assume it isn't if the mortgage is upside down, then why bother?

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

And I would love some passive income or at least someone to pay my mortgage until we can pay it off maybe.

If you are selling for 1M after closing costs you could purchase two 500k properties in your exchange and own one cash and a mortgage on the second.

The problem is, that's not proper accounting because a credit card is a liability, and doing this workaround will reduce your assets rather than increase your liabilities, which totally messes up your balance sheet and debt-to-income ratios.  

The challenge is knowing how to scope out the renovations properly and understand your construction costs. 

I've been working on him to get his mortgage license as a I plan on adding IL very soon.

Just remember if you want to purchase another one you will need to refinance at an 80% LTV as you can only have one CMHC insured mortgage.