And you say, before making your very first larger monthly payment:I thank you and wish you the best, Good Day.But what the mortgage industry does not realize, explicitly at least, is that you presumably have some plans with that $200k that amount to more than partying in Tahiti, like perhaps investing in some sort of area that allows for highly leveraged asset acquisition.

Presumably, the other 80% is being put into investments that are yielding the same as or less than the original asset where you invested the 20%.  

And since they presumably will continue to have to deal with renting, maintaining, and managing the property after the purchase, their motivation is typically more inline with yours.

The math would look like this:  If you snowball your debt payments, every bit of interest that you would pay to the  bank instead is liberated, presumably to pay down even more debt. 

Presumably you decide to wholesale the deal because you think your spread will be more than your commission would otherwise be. 

A couple of questions:1 Presumably this should be paid for by the people who are getting the assignment fee?

If you buy in an LLC name, it would be through a commercial loan.If you are BRRRing the property, presuming you financed the original purchase, you would be getting rid of a loan, and picking up a loan - so would be a net zero gain - shouldn't be a problem.  

What is your current mortgage balance and interest rate, $3k/mo on a $340k property that you presumably put something down on sounds like you are still paying interest rates from 13+ years ago and presumably you've paid off at least some of that mortgage in the past 13+ years so maybe not that far underwater.   

Originally posted by @Kevin Phu: Straight from the text, "In the absence of evidence to the contrary, if the increased costs for household necessities or decreased earnings took place at any point between March 4, 2020, and March 4, 2021, then the court shall presume that the increased household costs or decreased household earnings was due to the COVID-19 virus."

I presume home price % increase will continue to outpace wage % increase locally here in Los Angeles until supply frees up to meet current demand.