Fixing for 350k budget and Appraised for 1.5mil, worth more as commercial, and cashflowing after PITI 5k a month.

Fixing for 350k budget and Appraised for 1.5mil, worth more as commercial, and cashflowing after PITI 5k a month.

With a typical BRRRR deal you would like to refinance out ALL your money because part of it will pay off the original loan.

This will likely come in your due diligence period (typically the first 7-10 days after offer acceptance). 2.

I think it's fine to risk a small portion of your net worth on a gamble, but everything else means betting the farm.Speaking of farm, here are 50 acres in Hilsboro for $3M https://www.zillow.com/homedetails/NW-West-Union-Rd-Hillsbor...Dang, maybe if I..?

Thats a pretty big difference in rate that may make the ARM worth it. 

Our close friends here have a home worth approximately $350,000 (in Panama, they adopted US currency as their currency, so all values are USD/Panamanian).

Probably not...but is committing mortgage fraud worth the risk?

Also, if the sponsor is new, I am fine with less skin in the game as long as it is significant to their net worth.

My problem with it is if I tell the broker my offer is 1 million, the price is fixed in the seller's mind that he or she is getting 1 million based on whatever knowledge you know.If you get the financials after you put in your offer only to find out that the property is worth $750,000, much harder to reason with the seller.I want to test drive the car before I put in a serious offer.