Quote from @Hector Chavarria: I got a property loan 400k, house value 390kbehind and currently on trial for house modificationrent in the area $2,600 a month looking for rental or exit strategyTrial ends Octobercurrent monthly mortgage payment $3,300 vEstimated new monthly payment after modification trial $3,029 includes HOA, Tax and InsuranceAny advise will help.That $300 modification is only useful if you have reason to keep the property for 10 years or more.

Freddie Mac Small Balance LoansLoan Purpose: Permanent Financing (Refinance & Acquisition) Loan Proceeds: $1,000,000 - $7,500,000Loan Sizing: 70-80% LTV; 1.20x-1.40x DCR; 30-Year AmortizationLoan Term: 5-10 Year Term (Fixed), 10 or 20 Years (Hybrid ARM)IO Term (PTIO): Partial Term IO @ 70-80% LTV; 1.20-1.40x DCRIO Term (FTIO): Full Term IO @ 60-65% LTV; 1.35-1.55x DCRRate Types: Fixed & Hybrid ARMRate Lock: Rate Lock @ ApplicationRate Structure: CouponRate (Est): Mid 5.00%’s - Low 6.00%’s (Assumes Mission Driven)Non-Recourse: Non-Recourse w/ “Bad Boy” CarveoutsPrepayment: Standard - Greater of YM or 1.00%Flexible Prepay: Flexible Options – Stepdown & Extended Open/Par Periods Rate Buydowns: Yes – Rate Buydowns Available Up to 2.00%Assumable: Yes – Assumable LoanCash Out Refi: Yes – Cash Out Refi OK Fannie Mae Small LoansLoan Purpose: Permanent Financing (Refinance & Acquisition) Loan Proceeds: $1,000,000 - $9,000,000Loan Sizing: 80% LTV; 1.25x DCR; 30-Year AmortizationLoan Term: 5-30 Year TermIO Term (PTIO): Partial Term IO @ 80% LTV; 1.25x DCR IO Term (FTIO): Full Term IO @ 65% LTV; 1.35x DCR Rate Type: Fixed RateRate Lock: Rate Lock @ Loan CommitmentRate Structure: U.S.

If you win the auction with for example a 12% interest rate, is there a grace period for the person redeeming the property before they have to pay you interest?  

Most of their apps offer a full-featured trial and a free forever tier, making it easy to explore the value.

It may take some trial and error for you to find trusted contractors and vendors to work with but those things develop overtime and often change frequently.

If you have clear, step-by-step instructions ( process documentation), Upwork is one of the best places to find a trained real estate VA who can assist you with land records research, CRM updates, lead follow-up, marketing, spy on competitors, ects.Professional freelancers often offer a 1-week free trial before onboarding, so you can evaluate their performance risk-free—perfect for real estate wholesaling support.

You can always do trial periods on some, grow, then when need be scale & try new systems as well.

I also have two kids who will be going to college in about 8 years, I will be retiring in about 15 years, and I would like to have some extra cash flow to make both of those events a little more manageable.The plan;Right now, I am in my education period (reading books, watching YouTube, and listening to podcasts) with a goal of purchasing my first property later this year or early '26. 

Im looking to mentor as a way to give back, ive learned so much but a lot of it was trial and error which I can absolutely help you avoid. 

Would love to hear what’s working for you and what you’ve learned from trial and error.