Unless the jump in int % is substantial, the drop in price is only temporary...until the market (buyers) adjust, then they will creep up again.2 - The monthly payment on the loan to buy goes down because the price of the house, and the subsequent amount of leverage needed also goes down....and the monthly payment follows.

They could call the loan due when it transfers hands intI the llc.

In addition to the $550k purchase, I paid $62k in TI, offered six months of no rent then six months of half rent. 

Originally posted by @Brian Orr:Some great points here, thank youunless your speaking I find country club casual or business casual is appropriate dress.. but it will go the gambit  from those in shorts and flip flops to those in tie and jacket. 

(he's getting a construction/Reno loan @9% int. I

The down payment is 15% at a 4.75% int. I

The other part is in tying up the property then assigning the deal to a Investor for a cash (finder fee).

If interested here are the numbers on my deal: 2 bed 1 bath newly renovated condo on the water, purchased for $20k (15k financed at 4% int.) I

Towel rods, TP holder, ceiling fans, inti-tip device for stove, straighten 2 door frames, a couple of door knobs replaced, etc...

But since my DTI is now 2% i can try and get a cashflow property in NJ or Yonkers area and get a bigger return than the int I pay on the loan.