Or should we try to borrow against our house and try to use that equity to purchase rental properties?

I was considering using an agent, but I stopped hearing back from them.

The lender should send these borrowers a letter stating the same thing.

Now I will add the caveat that this December and January have been the worst I've seen in six years with respect to tenant quality, such that a couple of colleagues and I actually stopped marketing our properties in the beginning of January.

As much as we didn't like the idea of borrowing money, we couldn't see paying cash if it wasn't saving us anything.

There are several unknowns on a purchae transaction most of the time, but we try to get as close as possible, so the borrower is not "shocked" when it gets down too the nitty gritty.

As you know, this will "cancel" the debt service in the lender's eyes and allow to re-borrow. 3.

Only one of the four condos (that I'm aware of) has WFB financing.What I'm surprised by is their ability to dictate insurance terms to the other three owners at the location if they're not paying the premium.How can the promissory note between a lender and one borrower impact the other three owners?

It was a very small line that ran at the very edge of my property and stop at my neighbors home next door.

One is that it really is you that's borrowing the money, which you intend to use for investment purposes.