The key is to bundle buyer agency services with title/mortgage services.

My strategy is to use HELOC to cover down payment and convention loan to cover the rest of the mortgage.

My thought here is that these properties will have no mortgage associated, purchasing the property offers the opportunity to have the deed issued for the property. 

And I always see fixers at a decent price (if yo don't mind putting some money into it).I am primarily a mortgage lender, so happy to answer any questions about financing.

I'm up on my second mortgage payment and I am starting to get worried.

The commercial loan should go on your personal Sch E of your tax return too, if the property is used as a rental, where the mortgage interest paid will show.

How much are you qualified to borrow and what will your monthly costs be for mortgage, insurance, taxes???

I've been doing a deep dive looking at cash on cash return for various down payments and expenses on properties with a mortgage.

I had another local realtor tell me it might be worth a shot at least trying to fill it as an MTR for the first 3 months of 2025 as I don't owe my first mortgage payment on my new home purchase until March 1st of 2025.

But might help others avoid this pitfall…when a mortgage is transferred between banks, I’m learning they don’t record a lien release with the county.