This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

I am looking to buy "dirt" to spec build custom homes, wholesale property and rehab properties if the opportunity becomes available.

PM me and I'll be happy to refer to you my candidates once I have them selected based on experience, volume, and customer service.

Practice your numbers on potential deals on the spreadsheets that are provided, it's a numbers game.

I'd advertise it now anyway, obviously emphasizing the ability for "custom" choices by he buyer, and just proceed with all the basics anyway, and see if a buyer steps up.

Underwriting assumes that you will sell the NOO or the vacation home before you would sell your primary residence in a time of desperation, thus the need for more "skin in the game"

End-game possibilities to (a) put on the market to sell after 4 months refurb – could be worth $575K ARV and if sold quickly yield me a 30%+ cash on cash return, or (b) if soft buyer’s market then put out to rent, with projected 9% cap rate.My main questions:If I put in 90% of equity, what % of profits would be competitive?

I'm not in the 20+ range yet, but knowing the financing game is a huge piece of the puzzle.

Maybe there is a way I can help you out, which would also help me jump in the game.

Sounds like the sellers are hip to the game.