When you hit your point of critical mass institute your original strategy and pay those suckers off and enjoy retirement.  

Originally posted by @Shannon Fogarty:Hi everyone!!

Originally posted by @Kurt Phillips:@Steve Vaughan that is super interesting regarding choice theory. 

It was originally our primary residence that we converted to a rental when the housing market was bad in 2009 (couldn’t sell it) it’s never been a good rental as far as cash flow.

The original idea was I didn’t expect a bank to lend her the 40k for repairs so I assumed she’d be using a hard money lender and I was just assuming at 10 yrs for the loan will full intention of having the property appraised after repairs, remortgaged through a conventional for 30 years at like 3-5% and paying off the hard money loan.

Original asking price was 915k, I offered 820k, and he just offered 875k.

Originally posted by @Shannon Fogarty:Hi all, I am interested in concept of sandwich leases, but all the examples I see of people who have done them do not reside in NY state.

Origination fees are likely close to $0. 

Originally posted by @Steven Picker:I have bought houses where the tenants jumped the meters,but now most power companies have smart meters which prevents this type of theft,it still the electric company responsibility to supply the meters stolen or not, most areas this is not correct Steve.. in high theft areas of the mid west for sure this is not the electric companies responsibility. he will have to replace it.. his deductible is probably such that insurance is a waste of time.. so its just one of those cost of doing business and being a landlord.. and lucky they did not also strip all the copper.. 

Score is looking good and need full funding for investment.