Is it better to do a smaller down payment compared to 20% to save on interest rates and then take a lump sum to recast the mortgage?

In fact, I would be extremely interested to know what the conversion rate is of this criteria.

Look at rental rates in the area to get an idea of what you could reasonably charge.

Make sure to compare the costs and benefits of using your HELOC versus keeping it as a reserve for unexpected expenses.Market Conditions: Research the Dallas and suburb markets to understand demand, rental rates, and appreciation potential for both 4-plexes and duplexes.

He offered me a deal he had PRE NEGOTIATED, it was a SFR worth $50-55k (remember this is 1982-1983) for $55,000 with $5,000 down and owner financing of $50,000 over 20 years at the then unheard of interest rate of 7% ( new financing was available at 11% +).  

Project like this is a year at least right. cost to sell and carrying costs land at todays HM rate 12 % thats 120k commish                                       200k so maybe net 750K or you think you accounted for those in the  2 million ?

I only heard about Partner Driven last year and so far so good 👍🏼 As a licensed REALTOR and loan officer, I knew the traditional buyer pool was going to shrink due to the looming interest rate hikes.

At today’s interest rates it’s very hard to cash flow, but the appreciation is pretty consistent. 

We brought in $31.37k in revenue with 89 bookings and 83% occupancy $136.98 Average daily rate from 9/1/23 to 6/1/2024.

Also, I hear that Ohio has pretty good returns based on purchase price and rental rates.