However, if the Boyfriend pays rent and she moves out entirely and he has a proper lease agreement signed to her as an owner, then that rental income can be used to offset the monthly mortgage payment and help her qualify for another property from a "lending perspective."

Originally posted by @Brandon Carlson:@Chris Mason @David MaldonadoalfaroNeed a little clarification on the refinancing statement.

Been warning owners about this, but they still want to blame us:(Our February activity was up 51% overall, applications up 18% last week alone.

Nothing like a little cabin porn. 

They're still very viable, they're just not the "buy literally anything and make instant huge cashflow with little effort" thing they were coming out of the pandemic where you could throw a dart at the MLS and get 80% cash on cash. 

You need at least a little but of cash.

This differed a little bit from the orginal offer, as we were offering 19% Ownership and a 9% preferred return and we actually got a soft commitment from 4 different investors.So why did we end up taking the less advantageous deal?

It could make sense to sell the property and invest it in stocks if you can get a better return there, but there is also some benefit to having a little diversification.

If they aren't maxed out on their benefit amount, their monthly benefit might increase a little.

We also have 2 duplex listings in the area that would be perfect for a live-in owner to rent the other unit.