As Alexandra said, Sep - Dec you will have almost 50% drop in occupancy.

He did try to work with me by extending my time from 6 month to a year which led me to ask him question about his turnover rate and success rate of his mentee.

Account Closed if you do a seller finance you could get a lower interest rate from HO then you can get at the bank.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Miami.

Purchase price: $415,000

Cash invested: $90,000

MY FIRST RENTAL PROPERTY !! BEAUTIFUL DUPLEX IN THE HEART OF MIAMI ...

There are always other options-hard money lenders, private lenders; but they are riskier and will likely have higher rates.

I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.I moved out of the condo in mid-2024 for a job, and by September, my tenant noticed mice droppings.

Refinancing will change your mortgage rate, and if it’s worse than your current rate, it’s not worth it unless you’re getting a great deal.

That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

Hey BP family, I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, it has a high interest rate although the entry is around 20k I want to wholesale this ultimately Is it possible for me, to disregard my initial assignment fee to get a buyer asap and add a 2nd lien on the property as my fee? 

HELOCs are interest only hence on that $200K, it was a monthly interest rate of $1,200.