Originally posted by @Jill F.:I

I'm a newbie to the official FI movement.

Next check out those that are FI (financially independent); they are saving 50-70% of their income.

Step 2 would be to take a little time to adopt some of the principals of the FI (Financial Independence) community.

Will be able to use private money for a mortgage with plan to re-fi out of the private money after a 3-6 month rehab.Question: how do I write this note?

@Jill F. I

Once my partner pays off their portion, my two options appear to be staying the course and paying off the property more quickly due to my partner knocking out a big chunk or principal or doing a re-fi for my portion of the loan to a 30 year loan and increase my cash flow.Interest rates have also dropped a lot since we bought back in February, the current rates I've been quoted on a 30 are about .1% higher than what we currently have on our 15.

If you can lock up a nice deal, use private lender for the entire purchase, then do a re-fi in 6-12 months once your project is complete.  

When he BUYS he puts renovations on the HUD so that the bank will re-fi based on value listed on HUD. 

Aloha Everyone,I am a Realtor, somewhat of a FI/RE guy, and conservative when it comes to debt.