6.125% has P&I of $2625/month.5.75% has a P&I of $2521/monthThis is a $104 benefit.Paying $4400 more towards principle will reduce your payment to $2598, a $27/month savings.Math says buying the rate down has a larger net benefit to you up front, but it will take you 42 months to break even.

Presumably the borrower is unable to refinance at current rates.The borrower may or may not be making payments on the note, even though it is past maturity (is it a problem to foreclose if they are making payments?)

With 700+ credit you should be able to get mid to high 6s if you pay a couple points and do a 5 year pre payment penalty.

If the amount is significant I draw up a document stating the interest rate and the payment plan.

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

As a realtor, I always used a 50% valuation as a rule of thumb, but appraisers may have a better method.

My strategy for getting started is to use a HELOC for my down payment and all other upfront cost and reserves, then refinance as soon as possible to get the fixed, lower, interest rate.

They are two different methods and there is a ton of content out there on both.Seller financing - the seller basically becomes the bank.

The method of payment doesn't really matter - what's important is that it is tracked in Schedule K-1 and reported to IRS. ...

DSCR is often selected for the BRRRR method because it flexible seasoning.