Garn-St Germain Act does not give you a $200 Monopoly get out of jail free card.

I’m not sure it would work for your situation or not, but feel free to reach out if we might be able to help.

If so, you'd be able to live for "free."

@Nathaniel Free reach out to Christy De La Torre, Corner Escrow in Laguna Niguel....CA that the seller has to approve and sign an assignment addendum separate to the purchase and sale agreement? 

Feel free to DM me if you have questions :) https://www.biggerpockets.com/forums/48/topics/1165499-whats...I used a mortgage broker who found me the best rate and terms for my last 3 conventional loans.

That $200k can drive much higher and more balanced returns (read: free annual cashflow AND earned or unearned appreciation) by being reinvested in something with more units rather than staying stuck in an SFR.Remember that the concept behind BRRing is to add value to a property, then convert that value to cash that can be used for another property. 

Feel free to reach out more than happy to talk about my experience as an agent. 

Feel free to ask the BP Forum your tax question. 

You'll find strong appreciation and cash flow here.Feel free to reach out with any questions you may have.

Refinancing has no penalties and is tax-free.