Hello Guys,I am in process of Refinance to lower my payment by getting rid of PMI, the process has not been great with this specific lender I am working with.

($75k payment now to get $81k in one year = 8% return).  

- Behind on payments?

They pay installment payments in the mean time.In any case, be sure to check with a lawyer about your local/state laws.

This is unlikely to happen so long as you are current on your payments.

Hi All,We need to come up with the 25% down payment to purchase an investment property in our area, can you share how we can find this 25% - I know we can look at using private money at a certain % but this method is quite expensive for long term as we are looking at 30 year mortgages.  

Your questions, though I can't answer them, are extremely helpful because now I must figure those out.The part of this that I'm still hanging onto in considering such a project, is that it seems like the 4 apts and 2 commercial spaces could fund the loan payments and then some.

I'm just going to sleep better knowing I never have to worry about payments on my house again, so I'll never use a HELOC for anything - regardless if the math says I should.

The costs run 3-4 points + 8-12% interest only payments depending on your experience/credit/property.    

Is there a reason why you wont use the proceeds from your primary residence refi as your down payment for the second rental?