What are the terms (payment amount, interest rate, duration, etc.) of the existing financing?

The partner in question has multiple times the loan amount in his bank accounts/liquid assets.You should definitely be able to find other options with more competitive terms.

@Gwyeth Smith , This is the only benefit of having spouse, for tax deduction.

A key data point will be mortgage terms.

Also, what can be rented out easily, in terms of size and number of bedrooms?

The Guarantor agrees to be personally liable under the terms and obligations of the Debtor in this Agreement.Borrower's Known Assets: Home in Florida with 300K+ in equity, bitcoin in wallet $500K, 401K $500K+, two small businesses (equity unknown).I hope this is enough info to get the conversation started.

Same program, Fannie 5% down.Find another lender with reasonable terms.

Hi @Renzo Figueroa, I know someone buying properties in the Tampa Bay area with a unique rental strategy that is grossing around $4200-4500 per month in rent based on long term rentals on properties around the 400k price point.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

George Loveless , in terms of any special taxes, there is something called Regional Income Tax Agency in the NE part of the state.