When they have $400 they can buy 1% of the home.

You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

Congratulations to myself on this one.Unto the next one!

Nearing completion, aiming to finish renovations by year-end and move onto the next deal.

If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.

I would choose the strategy that best fits your strengths (unfair advantages) and what the market in your area demands.

When I found the property I simply extended the radius of my search and tadaaaa "duplex" cought my attention and especially for a $350k purchase.

Sure it will cost a bit more but if the numbers work, the numbers work.

Hello Jon,Just something to consider I don't know the details but beaverdam lake gets drained periodically and its just a mudpitt. 

My dudes the best, hit my up with your email and I'll make an intro!