GOALS:   I will be retiring from the fire department in about 10 years, and my primary goal in REI is to do live-in flips during that time so I can buy my retirement home with cash, or very little mortgage, and be able to live on my pension and other retirement investments. 

Origination Charges $0.00 01% of Loan Amount (Points) 02 Application Fee 03 Mortgage Broker Fee 04 Origination Fee 05 Processing Fee 06 Underwriting Fee B.

So I am searching for financing for a Duplex i am interested in and found Luxury Mortgage.

We would get a house hackable property so that the rent would pay all or most of the mortgage. 

What I would like to do is find a list of people who are late on mortgage payments and plan on foreclosing their house or selling to make the payment and contact them and offer a 'subject-to' option to basically absorb their debt and rent out the place until a possible refinance in the future to buy more places.

Essentially, you want the property to pay for itself, including the mortgage.

I was told by the mortgage broker that as long as I have a legitimate business and intend to occupy sat least 50% of the square feet it is possible.I am open to other forms of loans but I heard that SBA will normally do 90%.

If it is in a flood plane, the mortgage company is going to demand the flood insurance.  

This is where I live - my 3 apartments cover my mortgage and I am in essence living here “for free.”

So financing it is an issue.I have experience with several remodels, additions and gut rehabs for my properties where I was the GC (planning, permits & inspections, subcontracting)I can probably start small and purchase cheaper properties with cash (around $100k+) and rehab/remodel/rent/flip and build up a portfolio.