Hey folks, my name is Jay; I’m 24 years old and I decided to take a plunge into a BRRR project as I have a large network of tradesman, industry mentors, and surplus liquid.

Proposing that people should buy a property because of its negative cash flow (for the tax write-off "benefits"), is a marketing ploy usually espoused by developers who need to unload their surplus-to-market-needs white elephants.But like Joe wrote: "You're still losing money"!

I won't go into all the Surplus Lines type of carriers, but there are a plethora of them that are NOT commonly known by the general public, but are excellent A+/A++ rated insurance companies that have been around for years.

Any new information on Mortgage Foreclosures Surplus Funds in 2019?

In the easy bay, I'll echo @J Martin, definitely seeing more second story additions, and other creative ways to turn the surplus 2/1s into 3/2s.Down south is another story.

These expenses would be secured by the surplus on the $25,000 that was not spent on the down payment plus extra savings I currently have.

@Steve Babiak The escrow statement should clearly show the opening balance, disbursement during the year and then the surplus/deficit.

Do I get the full HML for $90k no matter what so that when I refinance I do so for $90k and pocket any surplus funds?

In theory if rented out for both the minimum amounts ($600+$600+$1000 = $2200) giving me a net surplus of +$200 (I did not factor in utilities ) With this I can have my mortgage paid and save for any unexpected costs, while saving my work income to continue investing.Let me know what you think, and if I'm on the right track or not.Thanks,

Since you paid yourself in full.In addition, if you exceed your full credit bid you will have to deliver the cash for the surplus which you are not entitled to.