What's the annual ROI on the cost of the points to you in terms of savings?

Do you and your husband have any kind of long term strategy in mind?

Loan had high terms of 9.5% calculated to 20 years and a balloon payment on the 3rd year coming up this April 1st.

You have to define what long term means for you.

I would send them notice today that explains what will happen after the current one-year term ends.

Make the offer appealing by highlighting the short-term ROI from his renovation expertise and potential profit-sharing during the partnership.

Another student rental that has a mortage of 900k me and my wife live here on a private floor. thrid property is also another rental ( duplex w a mortage of 390k ) was fully rented but tenant upstairs has moved out a year ago so I decided to renovated to do short term rental added in 2 ensuite rooms.

Quote from @Robert Ellis: Quote from @Damien Davis: Hello BP Community,I'm a rookie investor, only have one deal under my belt (Long term rental) and it's been treating me very well.

Depending on your current rate or if the current loan is short term or long term.

Most investors who take this route are not short-term investors and do not enter the investment with a timeline for sale.