Contrary to popular borrower belief, the mortgage business is actually more about people than numbers. 

People are willing to pay the high interest rate because they expect to pay off the loan quickly.If you own the home outright, you would go to a traditional bank to cash out the equity.

Wondering the same about Easy Button Leads (saw James Dainard’s ad promoting it on Instagram, but want to hear first hand from people that are using it)thanks! 

Reminds me of Maine, where I spent some of my childhood (another place people are buying into for the same reasons).

If rates did drop, that 3 year fixed period means their rate would automatically drop with it, so they wouldn't have to refinance if they didn't want to, but if they did want to (cash out refi made possible by a recession forcing more elderly people into assisted living facilities, thus driving up rents, and the value of assisted living facilities? 

People see on the TV shows how easy it looks to jump into real estate.

Many people rent theres out by the room to get the most rent out of their property instead of renting to family because theres only so much you can get on rents when a family lives there.

For me it was all groovy with 8 people living in a 4 bedroom house with 4 dogs for a few years, as we were all friends.

I just know that most federally subsidized loan programs lend to people (humans), not partnerships, LLCs, or corporations. 

Pick fixes that give back a lot, think about loan types like FHA, plan your money well, and keep up good ties with people living there.