prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

That's tax-free money, but your rents need to be able to support the new mortgage payment.

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval. 

While other banks will allow 10 on credit and then allow you to switch to a DSCR or actual portfolio loan to free up credit.

A lot of what you're paying for is free / reduced with Baselane. 

If you ever have any questions, feel free to message me directly. 

If you're ever interested in seeing what's going happening on the western side of the state feel free to reach out anytime. 

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

They are literally working for free in hopes of getting paid when you close the deal.

You can use it as a downpayment on a property over $450k and use leverage tax free.