I would then turn it into a rental.1- First off, I am having a hard time wrapping my head around the fact that refinancing out of the loan amount would make my mortgage higher.

I did something similar in Detroit proper from 2019-2021 where I scaled from zero to 12 doors in those two years.

He got really busy and only was able to renovate one of them now his construction loan term is up and he has to pay full mortgage on all three.

About 2 years into lending I had so many investors I needed to formalize the business and formed my first “fund”, whereby the investor were limited partners in a portfolio of hard money mortgage loans.  

I am at my wits end.I have a private mortgage through the seller that I planned to refinance.

Then my credit union (BECU) whom I bank with but don't hold the mortgage with offered me one with no automatic withdrawal requirements.

WA house selling value could be from 1.0 -1.3 mill but there’s still around $260k mortgage left on it.

If you're going to be a landlord simply find the best deal you can and manage it properly.

Purchase price: $61,000 Cash invested: $3,500 Inherited home from Dad with a $60K balance on the original mortgage.

@Andrew PostellThe 60k 401k loan would be paid by my savings account each month. and the mortgage would be paid by the rents.