That means adding 50% to their pay right off the bat, so a $30 hr carpenter now costs you $45 hr...that doesn't include the rest of the labor burden like payroll tax, etc.And then you will have to manage them...if you do not do it they will take advantage of you in a big way.

I am now trying todo a cash out refinance to pay off my HELOC so I can repeat the process.

I'm assuming I'll meet with someone about clearing/leveling the land since there are some trees that will need to be removed and its full of bushes and other stuff that needs to be cleared off. 

I also dealt with a buyer last year who overpaid for a house by $300k because they didn't "need" my services as a buyer's agent (a couple who I know who bought directly off of their landlord).

The only reason I'm thinking about doing this is because I would get a ton of loan pay down very quickly because of his low interest rate and 0% secondary note to pay his Equity off. 

The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).

Some don’t report their off-market business like FSBO sales for MLS stats as it’s not required and many don’t care about stats.

@Prasanna K.just buy off market and you can work out anything you want with the sellers.

All told, the borrower was able to save over $200K a year on interest payments by paying off the old note and avoiding the re-set.

Then you go off and see whatever property on the mls or elsewhere.