It’s in a trust there’s no mortgage value $650-$700 wanted to take out $150,000 for renovation and down payment on another rental. 

Class C is already cheaper and can cut pricing even more.

Looking into different mortgage options, including FHA or conventional loans, and weigh the pros and cons of tapping into your 401kYou’re on a great track, looking forward to hearing more about your journey!

It’s on a 30-year mortgage with ~$130k remaining at a 5.25% interest rate. my monthly mortgage + expenses = 1,350/month and I bring in $2,800/month in rental income.

Most mortgage lenders are familiar with VA loans.

Or your can buy multiple properties with small mortgages.

I bought under a secondary mortgage (don’t have a primary mortgage but 3 hours from where I live) and I put 10% down at 6.25%.

@Jerome NunezYou will not be able to remove your name from the mortgage as if your name is on it the lender underwrote it based on you and will not let someone else assume it.

The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;

I have close to 100 doors, thus I will pick up something even if it is barely cash flowing so that my other cash flowing assets can pay down the mortgage reasonably quick.