Assuming since you did any FHA loan, this was a househack?

If it is a good business with a hard to finance issue, he'll work with the loan team to figure out how to lend to them.

But that extra $7200/year will go a long way in paying down your loan faster, build up another downpayment fund, pay off other debt, etc. 

I would pull a FHA loan for $665,000 and live in one side and rent the other side out to a family member for $2,000 a month.

Your answer needs to make sense, and be true.Also refi'ing your current primary into an investment loan also has the potential to be fraudulent if your family still occupies it as their primary. 

Option 1: The loan that the owner has is an assumable loan at a 3.875% rate and still has about $265K.

I am sure the interest in that hard money isn't great.All DSCR loans I have seen require at least 12 months.

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as “leverage/reserves” to show the HML and get funded.