I guess this isn't the worst thing, since the low rate on the first mortgage would offset much of the higher rate on the 2nd.4) Refinance the entire property at whatever I can get - 7% or so.I'm just wondering if there is a solution where I can really take advantage of the low rate on the first, offer the property out to buyers with a wrap loan and drive up the asking price because it has built in financing with a fantastic rate.Any ideas shoot them over!!

Auction How did you finance this deal?

Off Market How did you finance this deal?

Off market How did you finance this deal?

Does your finance have a website that I could visit?

Neither property will be cash flow by the time we are moving out (unless rates drop dramatically and we can re-finance). 

There are several key differences and considerations to keep in mind when investing in a larger building.First and foremost, financing a larger apartment building will likely require a commercial loan, as opposed to a residential mortgage.

Hoping I could do a Subject 2 as the owner purchased in 11/2022 and regular finance to the deal price. 

Conventional financing, buying with cash then refinancing after rehab, partnering if needed, heck even using hard money might be preferable here rather than taking on the additional risk of using subto, without much benefit because of that high rate... 

How did you finance this deal?