You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

If you buy multiple properties, you can spread out your risk and avoid putting too much pressure on a single investment.

I am a licensed realtor in NH and ME but I am coming here to have resources for my own investments and knowledge for myself and my clients. 

You know, one of the most effective ways architects can help real estate investors is by using smart design to boost returns on investment.

You want a DSCR or an investment loan from a traditional bank.

We are very excited to share your investing journey with you and here to help you reach your goals however we can. 

Quote from @Duarte Marques: Thanks for the fast reply @Chris SeveneyAny tips on how to start investing in real estate?

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

Paying off the mortgages negates one of the biggest benefits of investing in real estate, leverage.

Over the years, with personal investment alongside investments from family and friends, I’ve been able to build a small portfolio of apartment buildings with a focus on cash flow through strong operations.