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

Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

I just completed a small subdivision myself - just a word of advice that if you do sell any of these you'll need a release of mortgage from your current lender to do so.

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

Without any cash it is unlikely unless you can find a 100% seller financed deal (they do exist, I just did one a few months ago).

If you aren’t saving the money up to buy another property chances are nothing will pay a higher rate than paying it towards your mortgage.

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

Normal mortgage rates are in the high 6's now, for a personal residence, and higher for an investment property. 

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.

Now solely as a lender, i actually reverted back to it in unison with our mortgage origination software.