Purchase price: $190,000 Cash invested: $25,000 Bought this property using HML, total cash in is actually $87,000 including the down payment and lender fees.

Anyone know a contractor who will do work and get paid out of the proceeds of the sale of the property? Much thanks.

Could anyone recommend any agencies or documentation specialists in Texas who can assist with the drafting and recording of a promissory note and a deed of trust, according to Texas mortgage financing laws?

He needed a large down payment because he was paying for a home to be built.

On the other hand, your rent payment will be part of the investment property income, so the numbers may work.Example:A fourplex costs $500,000.

How much is your mortgage payment on House A?

Lenders will qualify you based on the rents covering the 1st and 2nd mortgage payment.

if so, take a refi that gives you 20-25% of the new purchase down payment. this will allow you to keep the cash flow high on the existing and have those funds as down payment to get a loan on the new. 

Hi Lisa, As an investor, I have worked with all types of realtors, but for investment property I would say that you have to have an experienced realtor in investment properties or you have to have enough experience for the deal to work with.Experienced Realtor will help you with the contract (which in many cases are not simple), but most importantly with spotting issues in the property that could cost you thousands.Your concern is valid so it is important to sign a Buyer Representation Agreement, in which case the realtor has to work for you over his/her own interest (or you can sue him).The idea is not to sue them, but to make sure you trust them enough to work with them. 

You'll still have all the same deductions, except for your interest payment.