Some lenders even allow you to lock the used balance into a loan rather than having the rate float or adjust as many equity lines do.

(How to deal with existing mortgage during the gifting process... prefer mortgage gets paid off, rather than become part of the gift.)Much thanks

If it’s that good of a deal, hard money lenders would line up to fund it.

We have a single door rental worth about $320,00 that will be paid off on June 1, a half duplex that is worth 260,00 with a $120,000 mortgage and our primary residence is worth $650,00 and has no mortgage.

Couple of the syndication deals I had invested in passively and have been foreclosed on by the lender.

(yes, this also describes me)* Investors who want to analyze prospective deals, quickly calculate mortgage payments and other expenses, etc.

I could put a mortgage on the property, I was quoted 60% LTV with 8% rate amortized over 15 years.

Currently thinking a DSCR or Private money lender would be best bet.

However, always double-check with your lender to be sure.

I am not a lender, but I would not expect you to qualify for a mortgage on a SFH that you would not be able to afford.