If you want less leverage simply put down the funds you would use to pay down the 6.4% rate on the new property so you are at say 60% loan to value on the new house.

Great tools out there to evaluate the density of rentals, houses sold/for sale like Zillow and Redfin can give you a great perspective on these and help guide your decisions!

would like to buy the secondary house from myself through my llc, and rent it out, and use the money that I made personally to pay off my primary residence.

The housing crisis saw record numbers of foreclosures of single-family homes in Maricopa County in 2010.

@Islah Barney, If your mother was living in that house for 2 years out of the 5 year look back prior to sale, then she can sell and take the first $250K of profit tax free.If the gain is more than $250K then you could rent it for a few more months. 

Think about an HVAC, storm damage, paying for housing if a tree falls on the roof, dealing with stupid insurance companies, etc.

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

A HOUSE BOAT?

I still have one house with some existing K&T.

Hello,I’m trying my first house hack on a duplex.