When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates.

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

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.

Conventional loan with a 20% down payment.

I have high equity in my current duplex so planning on using that to fund down payment for the next property.  

And if I find a reliable agent and reliable property management company in one of those cities, then I'd start there.

As for the cost of the ticket I'm very sorry but I'm not able to help with anything membership payment or ticket related I just don't have access to any of that info but the support team should definitely be able to help with that question [email protected] I'm also attending Mometum so I look forward to seeing you there tomorrow!!

I do not have to much cash for a down payment but was thinking of doing a HELOC on one of the rentals to get more cash and go the BRRRR method.

Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

I need some advise from you all before i move forward.How do you make the mortgage payment?