I'm in Miami and want to invest in a cheaper market where my money will go a longer way and so I can cash flow better.

The loan doesn't decide its lien position the order in which voluntary liens (mortgages) are files determine that. 2.

Cash on hand and conventional mortgage Lessons learned?

Also mortgage rates are dropping.

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

Then use the extra roommate rent income to pay down your mortgage and look to refi to a lower payment in the future (3-5 years) - so it cashflow when you move out.You could also choose the smaller unit and STR the other unit to generate more cash to pay down your mortgage and refi, so it cashflows when you move out.Bottom line: you'll have to get creative to solve your cashflow challenge!

Excuse me It called note and mortgage in Ohio.

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

Not sure why anyone would pay to learn how to snowball a mortgage ..  ????

With a $950 mortgage and rental rates around $1,500, you’d have strong cash flow and continue growing your wealth.