That will most probably be offset by an increase in new mortgage costs and increased rates. 

Keeping your current townhouse rented enables tenants to continue paying down the mortgage while you scale.2.

The “winning” bid will almost always start at the mortgage balance.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

You will likely need financing to scale (especially to scale quickly), and investment property mortgage will not be cheap or even available with poor credit. 

Plus I feel confident that any mortgage company will send you a notice telling you to get insurance.

Minimum $250K loan amount to $2M. 25% down with 720 and above middle mortgage FICO score up to $1.5M. investors need to have experience. 

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

I’m in the private lending space, so if you ever want to chat about financing options or need a second opinion on a deal, I’m happy to connect.

.: Hello,I'm new to tax/mortgage surplus funds retrievals, and have been in contact with a homeowner who is willing to work with me.