Employing the services of a property manager can help boost your business as they provide support in handling the property and could also co-host the property along you.

Con: The rate on HELOC is more than double the first mortgage, and I worry about the rising rate.2.

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and lenders you would recommend that’s been helpful to your business.

I’d love to hear what works for you, especially for those of you who are doing quick turnaround analysis.Looking forward to your insights – thanks you so much in advance for the help!

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.

Currently getting my real estate license to help me out on investing.

However, if you have the time and resources to manage it remotely, it can be a rewarding experience.Feel free to reach out if you have more questions or need recommendations for property managers in Colorado Springs.Wishing you all the best on this new journey!

Second Post outside of my introduction so I wanted to make it a bit more interesting.

My advice is to get other quotes and possibly pull the loan from that bank before it costs you too much money.Feel free to reach out via message or email I would be happy to help and take a look at your LE and go over why they reduced LTV and if you can get back to 75% or 80%.