@Jay George if you put 20% down you don’t have to include your taxes and insurance in your mortgage payment.

@Daniel ShulerIt is possible to include owner carry financing as part of a 1031 exchange.

Hey Travis, I close a number of these for clients, usually more common on properties that were wrecked by previous tenants and they want to use existing equity to help repair the damages.We would classify it as a 'Refi-rehab' that would include a direct 'cash out' portion as well as a rehab escrow to reimburse you after you finish the repairs.

When she saw the extra fee, she wanted to get off Cozy and mail me a check.

I started communicating with them via text messages (they don’t seem to read emails) 4 months in advance about the rent increase and they assured the increase was fine and they wanted to stay.

A healthy habit is to have the lender contact and email the sellers broker upon submission of the offer to reinforce the client's qualifications, timeline and any lender tools that can help to expedite or simplify the transaction. 

Because later, you can easily use it as your mailing list!

We just notify them certified mail and provide MHA the request form, 3 comps and proof that the tenant was notified of the increase 60 days prior.

Other options include regular loans with a 20% down payment or getting a long-term roommate.

It's been a while since I had rentals in NY but some of those consequences (some may not apply in NY) include the following:1.