However, paying off your mortgage that you acquired with low interest makes no sense to most in a 7%+ interest rate environment.  

I own and operate one currently and I'm still able to cashflow with my crazy 7.8% interest rate.

30 year fixed rate MortgageHow did you add value to the deal?

Hello there, feel free to comment below or send me a direct message with your information regarding rates, cost, and turnaround times.

I suspect if interest rates come down as expected this summer that could drive prices back up here. 

We just add the percentage of the listing channel back into the nightly rate.

However, be mindful of the higher interest rates and fees associated with hard money loans compared to traditional financing.

If interest rates come down or cap rates compress or both, that will increase values.

Not owning the land limits loan options even further and pushes rates higher.

@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you