Or what programs can anyone suggest that would be best for this scenario.

If we had hundreds of loans out, we’d have enough monthly income to aggregate the payments into additional loans—but we don’t.If you do this, your note will have to have a compounding clause in it, provided by your lending attorney.

I understand this may have an affect on the appraisal.

Hi Allen, when I got started, I used a 3% down conventional loan to buy my first property.

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.

Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

Tyler, if you want to send me over your email, I will put into my 30 yr proforma and calculate the PITI and show your returns. 

Are you looking to find a home to buy for yourself to live in? To

Did you look into renting to Section 8 tenants?