At competitive market rates now and still have original tenants.

We've been in the business for 31 years and have the highest client satisfaction ratings.

That being said, with current prices and interest rates, it may be the best path forward for some looking to buy a home or investment property. 

They might allow for a no seasoning rate and term refinance, but that would have you bringing your closing costs and and lender fees to the table.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.

Depending on the interest rate and loan amount (eg $330K at 6.5% after 7 years you'd have paid about $40K off the principal and $120K in interest).

If it were me, I'd find a friend or family member with some cash, convince them that it is a good investment and say that you will manage it for them at market rate of 15-25% depending on your market.

I've filed the eviction, they've been served with the paperwork, and now all that's left is for me to wait for the next steps and hope I filled everything out right (Denver county's process is making my head spin, and I'm having to do this without a lawyer because of cost) while in the meantime my tenant is otherwise just ignoring all my texts and notices and also (it feels like) acting like nothing has changed, still having people over for dinner, still walking in and out of my front door like no problem...leading up to this point I've had multiple informal conversations with this person about the toll their unpredictable behavior around payments has had on me.  

Hard money loans typically come with higher interest rates (10-14%) and often have a balloon payment at the end of the term.

I currently own a retail building I purchased years ago. 3 years left on the loan with a sub 4% interest rate.