Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.  

Hello Brandon Sisco, finding the best lender for a 90% loan-to-value (LTV) mortgage based on bank statements can be challenging, as these loans are often geared towards self-employed borrowers who might not have traditional income documentation. 

I responded to her FSBO ad and made my offer which she happily accepted: a 36 month lease option; I'll bring her mortgage current, (1 month, $800), and continue making the monthly payments; option to purchase price of $88K, (my estimate of value, $100K); and I had the right to buy, sell, sublet, or assign the property at any time during the 36 months.

@Jason Hallett If you're just buying RE outright and not remodeling, adding value, or forcing appreciation you will run out of funds. 

I figured this was a great value add opportunity and a way to lock a property before competition comes in when/if rates drop.

This can be achieved through a process called "note selling" or "note assignment" to a note buyer (investor).The terms of the note (interest rate, monthly payments, duration) are crucial as they determine the value of the note to the buyer. 

They will then have to decide if it is either better to over pay you for your lot or to let it hurt the values of the properties they are trying to sell.

Few things off top of my head are: - Reviewing existing lease agreements          - Rent roll           - Tenant payment history, on-time payments?         

hi fellow bp investors my name is Damon and im a new wholesaler looking to team up with some experienced wholesalers and investors in the houston area to add value and build meaningful relationships.

I understand the basic metric i just question its value.