But you could withdraw the principal with zero penalty I think at any point.

Buying a home is the best Investment you can ever do, owning your own home, having the equity and most times its cheaper than rent.How do I overcome the rate, by paying the principal down!

The big drawback is that the interest rate on the Farmington condo would go way up with the refinance.

Typically the duration of private mortgage notes is for 2-3-5 years with a ballon payment (full note balance minus any principal payments) due at the end of the term.

In most common methods of wholesaling you are NOT a principal, you are an intermediary.8.

I agree, although in my experience most often when people hear that "P" word they draw back and.... ruminate on "loosing" a % of there company, investment, cash-flow or profits. 

So you get one payment each year that goes straight to principal. 

First 10 years is interest only, then after that you start paying principal/interest, but you can pay off the credit sooner and then as you pay it off you can invest in more deals once you get your other properties cash flowing to cover the debt service.

Read up on recent syndicator results here (paused distributions, captial calls, lost principal) before altering course.

(and yes, DSCR are personally guaranteed) The number of financed properties calculation includes:the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligationsthe total number of properties financed (not the number of mortgages on the property nor the number of mortgages sold to Fannie Mae), with multiple unit properties (such as a two-unit) counting as one property;the borrower’s principal residence if it is financed; andthe cumulative total for all borrowers (though jointly financed properties are only counted once).