Currently, we are at 12.75% interest with 3 - 5 points on the loan origination end; we haven’t been able to locate any existing mortgage notes we can buy of similar quality with ROI even equal to that.  

Conventional mortgage.

This came from my team and I negotiated the subto terms because she was motivated to sell, but had a mortgage higher than my cash price.

Lastly, that $5k/month mortgage gives me anxiety.

Anyone pursuing this strategy for downpayment funds on a more traditional mortgage or an in-house mortgage product.

Purchased a home during the pandemic, value has gone up roughly 2.5(estimating), believe i have enough value in a HELOC to get a down payment on a second home.. is it a wise decision to add that to my plate then rent the first house for mortgage payment+?

I know you can now get a 5% down mortgage for investment properties.

Performing proper due diligence and evaluating properties carefully is key, along with securing financing and finalizing the acquisition.

Let’s say you buy a house for X amount your mortgage PITI is $700 your section 8 tenant is paying $1000.