Hello I am an owner of two properties one in boulder CO and one in Orlando FL and have paid off the mortgages.

I get a really great deal on it and the rent from the 2nd unit covered most of the mortgage.

A conventional mortgage doesn't allow for borrowed money unless it comes from a HELOC or 401k.   

I wouldn't mess with a good loan on the one you have.If the existing loan is a high rate I'd think about refinancing. 

For you investors that have ordinary income to write off let me tell you the greatest secret to minimizing tax liability, Cost Segregation.When coupled with zero down seller financed purchases the numbers get crazy.These numbers below are one of two parks I bought zero down with seller financing last year.This one park one year is a $140,834 write-off equal to $40,842 in tax savings and the second park is $14,000.I am projected to save almost $60,000 on two community purchases that I don't have any of my money invested into, they were true 0% down parks.Don't kid yourself, real estate is the best investment opportunity that exists.

Inching closer to the 7% mark, the 30-year fixed-rate mortgage has climbed to 6.90%, up from 6.77% last week and notably higher than the 6.50% recorded a year ago, according to Freddie Mac data.After a period of smaller rate movements offering some relief to homebuyers, recent signals from the Federal Reserve hinting at delayed rate cuts have sparked an upward trend.Sam Khater, Chief Economist at Freddie Mac, emphasizes that strong economic and inflation data are driving this shift.

Standard deals on market existing asset through a brokerage will be a 6-7% cap rate in today’s market.

1. a mortgage company won't risk sponsoring unknown person without license in this market.

You probably need a mortgage lending license@Chris Mason@Jay HinrichsGoogle your state statutes on mortgage lending.

The mortgage payment will be 3.5K.