I’m originally from California and recently moved to Texas.

For simplicity, I will assume the payoff of the mortgage is the original amount of $300,000.After one year: $400,000 x (1 + 7%)^1 x 75% - $300,000 ≈ $21,000After two years: $400,000 x (1 + 7%)^2 x 75% - $300,000 ≈ $43,470After three years: $400,000 x (1 + 7%)^3 x 75% - $300,000 ≈ $67,513After four years: $400,000 x (1 + 7%)^4 x 75% - $300,000 ≈ $93,239So, after about 4 years, a 75% cash-out refinance will pay for the down payment.

The original lease from the owner who owned it at the time it was installed had hand writing on it for payments that increased per 5 year term is what it looked like if I recall correctly.

For mortgage originators, real estate professionals and investors, the 4.65%-4.45% drop in the 2-Year Treasury should result in banks lowering Jumbo & Super Jumbo Mortgage interest rates next week Conforming and Government loan products are also seeing improved pricing.

Originally posted by @Susan May:I just attended John Jackson's two day event.

with maybe the exception of a parcel that is clearly served by city Sewer Water and have power and Tele / internet to the lot lines.. and you have double checked the hook up or Systems development charges and if they have capacity.. keep in mind many parcels in subdivisions that were basically built as recreational subdivisions decades ago.. ( think GLEN GARY GLEN ROSS and for sure watch that Movie is exactly how the industry was in those days) the original infrastructure was allowed to be built to maybe serve 20% of the development that was legal and now you have moratoriums and assessments etc etc..

Basically I would have to wait another 2 years to be qualified for a property.I forgot to mention something in the original post.

Hi @Hyeonji Oh I'm originally from San Francisco, CA and started investing in 2021.

I'm originally from San Francisco and settled on Columbus, OH back in 2021 as my main market before moving here to focus on it full-time.

Ps - Remember what you originally paid for that property and what it’s worth now.