If rates drop in the future, refinancing again could lower your payment, but it’s good to make sure the numbers work now just in case.

Very pretty small house with a great mortgage payment Lessons learned?

To scale, I plan to build a reliable local team, leverage 25% down payments, and use strategies like HELOCs or cash-out refinancing for future acquisitions.Good luck!

If that is your intention the slow flip method is not for you.

As you’ve already seen, it’s very hard to find cash flowing properties on the West side without a massive down payment.  

I had been with them for 18 years and paid off mortgages, never missed a payment, never had a problem, etc.

To process a new owner payment the system takes an extra week or two.

You can leverage your HELOC and cash to cover the down payment, the initial rehab draws, and holding costs. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

For further background, I’m looking to purchase a spot around 750K, but want to seller finance 100-200k of the price to reduce the need for a large down payment / keep myself liquid for renovation costs.