While I have no problem with this, in Australia usually fixed rate mortgages carry penalties for additional repayment or early repayment of the entire loan.

In addition to the sand volley-ball courts they want heated pools plus private baths for each bedroom plus high speed internet, etc.

If those are the real numbers, it should not difficult to find a HML would would loan you enough to buy and rehab the house, as well as some for the additional transaction costs and holding costs.

I have always either run another business or been an employee in addition to my investing.

In addition, agents talk to each other, and I suspect that your name would be trashed all around town if you went around your agent.I have bought a bunch of REOs and the fact is that dealing with banks is extremely frustrating.

In fact, if you want to pay off 25-50 rentals, you could do that faster by owning 75-100 rentals and applying the cash flow from those additional units to the 25-50 that you want to pay off.

That said, I do hope that he and Bush can work together to prevent an echo of what happened during the transition period just before the Depression.

I've been through the file and I know what the balance is and what the bank is trying to recoup from the additional costs.

You may need to put the electrical circuits on timers to prevent late night usage and noise complaints.

You could be a great addition here.