It's the concept of buying the debt attached to the mortgage rather than buying the house. 

Rather than just spending the money on a rate buy down. 

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Like someone else said better to buy land that is already suited for use. 

I have opportunity to buy a small portfolio of performing commercial notes with LTV's less than 50%.  

Make sure you buy it low enough to make it worth the trouble.

People will rent homes in that area because they cannot yet afford to buy, but hope to buy a newer home in the future and keep the kids in the same school system and around their same friends.

Many people don't realize that you gain as much or more net worth through debt pay-down, and while it's less liquid than cash flow, over a 5-10 yr hold period it's considerable if you buy in the right areas with the right asset class.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.