My -,02 (adjusted for todays market)I now live on a corner lot.

SBA 7a loans are of the adjustable variety, but they do not have a fixed rate option.Unfortunately, SBA loans are only for O/O properties, so if you don't occupy at least 51% of the space then an SBA loan is out the window, but perhaps a conventional loan would work?

Is there any way to inexpensively adjust this?

Here are the specs:Big HousePurchase Price $1.5M1st & 2nd Total $1.35MMarket Value $1.25M Completed Rehab $150kRental Value $5,500 per/moPurchased as a 2nd Primary ResidenceLoans are 5/1 IO ARMs that have adjusted down considerably with 6 mo adjustments thereafter.1st & 2nd & Taxes = $4,140 per mo.Not So Big HousePurchase Price $1.255M1st & 2nd Total $1.13MMarket Value $975kRental Value $3,750per/moPurchased as a Investment PropertyLoans are 5/1 IO ARMs that have adjusted down considerably with 6 m. adjustments thereafter.1st & 2nd & Taxes = $4,836 per mo.The options being considered to offload these properties include:1.Stop paying each note one at a time in attempt to settle each note one by one.2.Stop paying all at the same time and doing short sales on both.3.Continue renting the properties at a loss each month till the market demand begins to recover then offload.4.Stop paying all at the same time, saving the rent and after 12 months offering the bank(s) the rent savings to do a died in lieu.5.Do traditional sales on both and cough up the difference.The owner is concerned about the 1099 they’ll receive from doing short sales or judicial foreclosure if the bank says loan fraud with the Big House property that the owners never lived in.

You need to understand the process an appraisers uses to make adjustments to match those comps to your house.

Hi ya'll. Hope I'm posting in the right place....

I plan to rehab. There are bound to be times when I can't sell when I want for what I want. How do I know I'm coming to a point when I better start thinking about cha...

Rates will be higher still, terms are shorter, and these often have either a balloon payment or a rate adjustment after a few years.Higher than average work refers to what I expect the amount of management effort to be.

Make sure that the mortgage is fix not Adjustable.

I adjusted her lease to make the rent due date be the 15th of the month.

Being an experienced and successful REO investor, that is the exact formula I use (although can be adjusted up or down depending on the price points).Since you do plan to wholesale the deal, you do need to factor that in as well and as such, need to have buyers willing to pay slightly over the 70% all in mark or get the deals for slightly under to allow for the mark-up.