I have a rental portfolio of 15 properties and a primary residence on a mortgage. 4 of which are in Indiana and plan on selling those this year. 6 single family homes in Pa in the same area and 2 duplexes (2 units each) .

I plan on continuing house hacking hopefully once a year.

-How to set a strategic marketing plan for motivated sellers which includes direct mail secrets, internet marketing and bandit sign marketing.

When do you plan to buy?

Could we plan for around 6:30 on Friday the 12th??

And this is on top of the Government’s announced plans earlier this year to boost spending and demand for homes.

I planned to develop another home in the back half but a contractor inquired about renting the lot for their construction trailer so I’m pausing my development. 

Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.

The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.

Brian Bohrer - GRRS IncThis is Plan A.