This condition ensures you’re not locked into your original 30-year loan, efficiently freeing up financial obligations.Following the sale, the promissory note you receive becomes a powerful tool.

These properties are valued at a combined $430k and are both mortgage-free.

Use good judgment and assess your risks.

You're stacking risk factors - first deal, partnership, no existing revenue source, and making an off market purchase for the first time.

Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.

Tax Free Wealth" - will help you understand all the tax benefits of investing in real estate."

Cons: Delays buying a house hack, Greatest risk of another repair or eviction causing a larger cash issueOption 5) Self-manage the properties -- Pros: Improves cash flow by ~$100 / unit / month, I self-managed this portfolio for 3 years and believe that I was more effective than the professional property manager, Can do this in addition to any of the above options.

You will need sprinklers.Feel free to reach out directly if you have additional questions.Best of luckAlex Furini, RA

Please fill me in, as I would like to take these risks to help accelerate my portfolio 

That's a high risk loan, and they will charge you for that risk -- something in the 8-9% range currently.