I also dealt with a buyer last year who overpaid for a house by $300k because they didn't "need" my services as a buyer's agent (a couple who I know who bought directly off of their landlord).

I am now trying todo a cash out refinance to pay off my HELOC so I can repeat the process.

The only reason I'm thinking about doing this is because I would get a ton of loan pay down very quickly because of his low interest rate and 0% secondary note to pay his Equity off. 

Some don’t report their off-market business like FSBO sales for MLS stats as it’s not required and many don’t care about stats.

The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).

@Prasanna K.just buy off market and you can work out anything you want with the sellers.

All told, the borrower was able to save over $200K a year on interest payments by paying off the old note and avoiding the re-set.

Then you go off and see whatever property on the mls or elsewhere.  

And lastly you make the trade off.

I started off with Arbitrage in 2019 then bought a building and turned one of my units into an STR.