I'm thinking renting it out would be a good choice so I could pay it down more quickly.

Looking for a couple people that have borrowed or lent money with private funds.

Sometimes the same write-off can be on line A or line B, and that choice can make a difference. 

Typically lenders give the best rates to borrowers in the 700+ range.

@Erin Elam , Borrowing money from any lender is not a taxable event.

I wonder if Agency or banks would take borrower’s net worth into consideration when qualifying commercial loans for multifamily properties?

Pls help and thanks in advance :) What would you do if you were to make a choice between option A and option B and and WHYPurchase Price $ 141.750Improvements $ 6.000Closing Costs $ 2.250Total Cost $ 150.000Downpayment: 0% (cash acquisition)Cash outlay: € 1.000- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -After 24 months from completion, here are my two options:#OPTION A (FIX and FLIX)Selling the property for € 205.000#OPTION B (BRRRRR)Refinance for € 150.000 leaving € 1.000 cash outlay and renting the property.

Just because others who are commenting have made different choices doesn't mean that its not the right deal for you.  

The seller/borrower can contact the lender to find out exactly what's going on.

Hi everyone. My husband and I currently own one SFH and just got an offer approved on our second one. We live in New York and invest in Florida where we are originally from. My brother, who lives in Florida, really wa...