They are all quality tenants making at least 15k a month and seem very enthusiastic because the unit is fully upgraded with high end finishes and appliances with private garage and backyard.

If you can share your broker's contact info with me, that would be great!

You can refi down as rates get better for a much better exit fee.

@Gregory SchwartzThose are primarily it.If you are older you could do a reverse mortgage on the property.There are also equity share companies - they will take a percentage equity in home and give you cash.

Keep up the great work and we are all excited to see how you scale over time.

You can get a DSCR loan with no points but the rate will not be anywhere close to 6%.

The government saw the housing bubble and changed guidlines with fannie and freddie to make the 10 down / 2nd home loan product very expensive (about 4 points to close).

Due to complications in due diligence (seller financials), the only way that it makes sense for us is if we can assume the current debt, because it is below market rate, already underwritten etc.

The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims.

Any thoughts on how to go about this?