Balloon Payment:• At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

Keep in mind that when wanting to do this with a mortgage banks first want to see substance and at least one yearly balance statement.

This journey that we're all on can be lonely, especially when it comes to balancing W2 jobs, kiddos and real estate investing. 

What’s the current loan balance and terms with the hard money lender?

I am hoping this gives me a head start in funding the initial investments.I also have some high balance liquid assets, but I am putting all or most those funds into other investment vehicles to diversify my holdings such as stocks, bonds, etc.

.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

Work in a balance reduction if you pay it off early?

@Kevin Bartel If you're starting in real estate investing with a high-paying W2 job and a demanding schedule, your best approach depends on balancing risk, involvement level, and income potential.

AND there aren't many note buyers who will buy notes with large balances in the range you mention. 

It should detail any liens or subordinate agreements, including the unpaid balance.