If you're BRRRRing this property your 150k loan payment is going to be around $1,000 on top of the taxes and insurance.

And keep in mind the senior debt does not have to allow you to make up payments.. some will but its not a right . 

They just had a post on here about syndications the other day where a ton of people aren't getting their expected returns, dividend payments have been paused etc.

Also, the old adage goes "You marry the property, but date the rate" meaning that you can refinance again later to lower your rate and to stretch out payments.

Hi Guys, Need some help.I own a condo and a triplex (both put down 20 percent in December 2021)They are both on variable interest (which was a terrible move looking back now as both monthly payments have gone up by at least $1000.I work in real estate as a project manager for renovations on apartment units.How do i make real estate investing (on my own) or another career path in real estate an option as i want to work for myself.I am from canada and would love to learn more on analyzing properties, tax strategies etc.thanks

You would need to provide a passport photo and 2 months bank statements from any account you would be using to pay down payment, EMD, or closing costs with.

Based on what you have said here, it seems like your A/C damaged them, and asking for payment to be made whole seems righteous.If you pay, talk to an attorney to make sure its a one time shot, and that one payment settles the issue 100% forever, so they will not come back for more later.Good Luck!

I worked in digital, brand and product marketing for over decade before getting into real estate full time and my marketing experience was something that differentiated me and created a ton of value for my clients.

He moved in October 2023 and began missing payments in December and hasn't paid most of January.

Payments show up on time.