Would you be forced to sell, or could you manage the property long enough to allow you to refinance at a lower rate?

I think the self-directed IRA is a huge, rarely untapped resource for most people.I just feel that a lot of 'savers' would love to work with an 'investor' and would more than happy with a return much lower than RE investors would require for HM or profit splits.

I then should be able to get a better picture.The average rent for the similar type of house from the Section 8 property listing is indicating $150 higher than my asking , and I’m aware of my asking is lower than the comparable non-Section 8 property by about that much as well.

Your history becomes more important as you r scores becomes lower.

The lower balance is at 5.85% and flows about $100/month and the larger balance is a 6.375% and flows $300/month.

So I am a little suspicious of the lower price, and, why the current owners haven't split the property already.

The second option is a loan modification, where the borrower and the lender agree to new loan terms that are acceptable to both, perhaps with a lower interest rate but larger balance.

I discovered that, although the strategy was basically sound and works well for many, it was really not a good "fit"for me, and have since refined my long-term goals and with it, my "roadmap" to get there.Like you, I`m new to this, like you, I don`t have much money to invest, and(as a result) like you, I`m looking out-of-state, where the price of admission is much lower.

That 40% figure you saw probably did not account for vacancies or capital expenses, which is why it's 10% lower than the 50% figure I use.

which lowered property taxes in California back in 19??