Not sure how you cashflow with Proper, it’s just not proper. 

We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

Like Devin said, double digit rates and you could still have fees similar to a first position mortgage.

$200,000 in 401K, rental mortgage payoff is $130,000.

This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

So, I had to put zeroes in to maintain the proper format.There's the first two 10-month "chunks".

That being said, the vast majority of mortgage products available (primarily DSCR) to LLCs are still going to consider your personal credit in the underwriting process.

Hello,I am a Software Engineer and a Real Estate Investor working on a tech product for the real estate mortgage brokers.

Maybe you saw this from the Tico Times already, but it lays out mostly depressing details on getting a mortgage in Costa Rica: http://www.ticotimes.net/realestate/25-mortgage-ti...Please post back here if you find anything!

I've come to realize paying down my mortgage is the best investment I could make.