Any decent lender should allow you to borrow against your airbnb, without disturbing the original 2% loan.Example: I have a 6 unit that had ~$500K in equity.

Regardless of your real estate investing strategy, pre-foreclosure properties can be an excellent way to purchase real estate at a low price.This post originally appeared on the BiggerPockets blog.12.

Pulling the wool over someone's eyes can happen in any relationship, is not conducive to long-term success, and should be condemned.Your original reply asked for "someone to explain to me how this model truly benefits the property owner".

But I did the install myself, not everyone wants to or can, do this.But in answer to your original question.....it is a solid NO.

Originally posted by @Alan Johnson:@Stephanie Ruiz @Mayit Balit  Are you looking for purchase agreements for wholesaling? 

Basset has some of the best and more durable fabric around and these still look great after 7 years with us and probably 10+ with the original owners.The La-Z-Boy has a more open weave as does the chair.

I was just under the impression this was a 2 unit. 4 bd 2 bath that are all over down there and he said in the original post it was a multi unit.

Thank you for the indepth feedback to the original poster.

Originally I wanted to do painted concrete, but that would leave the perimeter sticking up.

In my experience, the cash flow may be substantially reduced (or even become negative taking into account interest rate of original loan and refi closing costs).