The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home.

Depending on your debt to income, you might have to sell or have an executed lease to secure financing to buy the second home.

Our current focus is workforce and affordable housing investing.

They mentioned they didn’t need any income.

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Velocity banking works by taking a huge 'chunk' and putting it down on principal, then paying down the HELOC with every penny of income you get. 

.🔹 How It Works:If your rental income falls short of covering your mortgage (PITI), you can use liquid assets to supplement your income.

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

While the right program can provide a strong ROI, it’s crucial to evaluate whether the cost fits within your budget and aligns with your current investment goals.2.