Cash on hand and conventional mortgage Lessons learned?

Hi @John Daniels - the mortgage company I work for, Assurance Financial, is based out of Baton Rouge and we have offices throughout Louisiana.

assumed mortgage from seller How did you add value to the deal?

Those stilled cashflowed mostly due to insanely low interest rates.3) Investors started chasing Class C rentals in 2022 when Class B rental prices AND higher mortgage rates didn't allow cashflow at purchase.4) Investors are now chasing Section 8 tenants as the cure-all for Class C tenant performance issues, so their Class C properties ACTUALLY cashflow.

Typically on old houses it's cheaper for a seller to put vinyl siding over old asbestos boards then replace and ripoff.

I do not believe it matters if you start with mortgage broker or RE agent.  

I would say maybe look into a 203k HOA loan great loans for people our age. you would be able to do a value add and not pay your mortgage until the updates are done up to 1 year.

The property is rented out for $3,200 per month, while my mortgage is $2,100, and the HOA fee is $268.I explored the option of taking out a second mortgage.

I still have a mortgage on the primary of about $450K at a 3.8% rate.

Your mortgage is based on the refi when you complete the refi.