Monthly payment to HELOC interest only will be $312 added to mortgage whatever the amount would be (e.g. $1200 for 150k loan).

The unfortunately named Private Mortgage Insurance (PMI) is only available for conventional loans (Fannie, Freddie, etc.).Underwriting -- Private lending has gotten incredibly competitive.

Owner has paid $40,000 in interest in 2023.The owner is limited to $750,000 in deductible interest.For the purposes of calculating the limited interest deduction, should the total mortgage debt owed be $800,000 (the mortgage on the individual unit) or $1,000,000 (the sum of the mortgages on the individual unit and the owner's share of the underlying mortgage)?

Having my tenant pay the mortgage changed my life and shifted my mindset towards real estate and investments.How did you find this deal and how did you negotiate it?

My mortgage would be about 15,000 a year.

As long as you have experience there are options for this scenario, however most lenders who are going to offer a mortgage on a property that needs a full gut rehab will require that rehab funds be included.

At 60% occupancy, should be able to cover the mortgage as well. 33kvpd.Solar Rev breakdown - NJ offers the SRECs, which are good for 10 years 85-100 per MW. ~200k Factored in. 36k-90k for car chargers. 150-250k~ energy sold to tenantsIf my assumptions are correct, I should be able flip property in 5 years or refi and do it again in 5 years @ 50/50% at 13.5m equity. rinse repeat.

Example:  Listing on line within 2 days, a professional sign within a week (the kind you dig holes in the ground for), an updated list of contacts they have reached out to. 

We'll then write a promissory note for the amount, maybe attached by mortgage (if not, a lawyer said attaching a judgement lien upon default isn't too hard, provided no chapter 7 bankruptcy filing).Has anyone done this post closing?

Essentially taking out a second mortgage to pay for the property you mentioned.