All it is is Paying Extra toward your mtg principal, and you don’t need a heloc to do it.  

The only way that works in that time frame is with solid appreciation and putting any and all cash flow towards the principal of the credit loan.

Mortgage (principal, taxes and insurance)  was 1030 at purchase and now is 1320 after refinancing.  

You can also do a VA 15 yr and pay down the the principal fast but you would probably want to refi like you mention of have a overall lower monthly expense vs rental income. 

At the end of your ten year fixed rate period, this product features a balloon payment where the entire principal balance of the loan and unpaid interest is due.

Hi Nick,It all depends on what your total debt to income ratio is after taking on the new mortgage which is your PITI (principal, interest, taxes, insurance). 

They'd collect principal plus interest on the loan balance, which you'd pay out of your collected rent.

throw a heloc on it and use those funds to reno, then refi after those are complete (assuming your reno will add value above and beyond the current property value). i'd hook up with an experienced realtor and see what your property is worth today with and without those updates. also, do a 30-year instead of 15. you can always pay additional principal on top.

. • Followed by Terms of Sale, • Instrument to be Foreclosed, • Appointment of Substitute Trustee, • Obligation Secured, it says Deed of Trust or Contract Lien executed by (name), securing the payment of the indebtedness in the original principal amount of $XXX.XX, and obligations therein described including but not limited to the promissory note My questions is if the amount listed under the obligation secured is the minimum dollar amount to offer a seller in order to prevent the property to foreclose?

That means, they still get the same percentage of the cashflow and the profit when we sell the property.My rationale is this: my passive investors helped me to succeed and even when I gave them their principal back, they still deserve to share in the success of that property they invested in.