Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?

Hi i have been trying them and a little rocky in the beginning but Ai seems to be working, ill let you know how it works as the numbers financially get populated 

If you ever have questions or are looking to bounce ideas off another local investor let me know. 

Let me know how things are going!

LETS CONNECT.

I try not to let it get personal...there are some members that have been 'inappropriate' in the past, but I will still give them a vote if their post actually deserves it

Currently, my partner owns 100% of the shares based on him putting 100% of the cash (let's say $1,000,000) into the property.

Would it be wise to use a HELOC on our current residence to use for a down payment on a new propertyHi David, as someone who works with a lot of OOS investors, I would let you know that most of the clients I work with have never physically visited when buying their first investment property - the most important thing is working with a great investor agent and doing proper due diligence.

@Jason Dillard @Tyler Garza Let's hope it's not "Rocky Road" ;-)

Let’s connect and exchange ideas!