Smith, RA Principal Architect - Architect Owl 

Loan amount (Principal)2.

Contract states 5 years and after that tenant would need to seek own financing for purchase payments made will only cover interest and taxes no principal.

Now I've "recovered" that liquidity and now that my proportions of principal and interest (PI) every month is much more in my favor than the bank's favor, it's just like having saved up all this time to go out there and buy another property.

ARV from MLS is $230,000 - $250,000, there’s a remaining principal of $104,382, PITI $ 900 month.

I have only flipped my principal residence once , what ill do is out a suite in and make it a rental.

The extra payment reduces the principal, substantially reducing the time it takes to pay off a thirty year mortgage.

Jonathan Matthews was my principal point of contact during this time.

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

Of course we said yes, I had them email me the form and it was signed by the principal broker for all our listings within 10 minutes.