At the time I got a 5-year commercial loan amortized over 20 years, the idea was that every 5 years I would reapply for/refinance the balance at whatever is the going interest rate.So, in 2021 when it was time to refinance (5 years passed), I was able to get a 10-year loan amortized over 15 years.Current rate is 4%, maturity date is 9/31, current outstanding balance is 220,742.

I have come to an agreement with Oxford House to turn our rental house into a sober living home.

@Matt Ramirez what do you do for insurance for your Oxford houses?

13% of FHA loans from 2024 are underwater.21% of VA loans from 2024 are underwater.That’s despite national home prices rising this year.

House needs work and doesnt qualify for a conventional load because of incomplete projects (bathroom needs put back together etc.)

A whole house is much more work to get rid or the smoke odor.  

(I’m a loan broker for investors, so if you ever need help understanding financing options, happy to point you in the right direction.)3.

@Randy KinderA house hack calc will be the same, except you are one of the other tenants.

Quote from @Nicole Claibourn: Investment Info:Single-family residence private money loan investment.

The key is having parent co-signers, clear house rules, and reliable maintenance contacts since turnover and wear could be higher.