For example, if you refinanced your home at 7% interest and took 30 years to pay it off, it would cost you a total of $121,000 to pay it off, and you would be paying a much higher interest on your entire home loan. 

I bet this manager is ripping tenants off without owners knowledge. 

The tenant just paid off my underlying and now I have 400k or so they still owe me  on a 1.5 mil ARV in position..

prices and rates are high and there is lots of competition for deals, both on and off market. 

The bank from my understanding will be writing off a loss on this loan as there is not enough money to go around.Here is where it gets interesting, there is a second lien on the properties from a seller of a hotel that the current owner of the 21 unit bought seller finance. obviously there is not enough money to get this guy paid off as the bank is already taking a loss.

I closed off the connecting door to split the unit into two.

It’s a short term juicing that can be helpful to stave off an economic slowdown but is not and should not be used long term.

For long time investors who bought they're able to charge market rate rent and have relatively low monthly payments, either paid off property or low property taxes from Prop 31. 

Hey Josh I've worked with clients with an S-8 focus and I loop Brad in on the hand off they do a great job with the management side! 

The earlier you start in your RE journey, the better off you will be in the future.