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Updated about 6 years ago on . Most recent reply

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Stephen Benson
  • Austin, TX
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anylazing rental cash flow newbie

Stephen Benson
  • Austin, TX
Posted

I have been practicing anylazing multifamily residential property in Austin TX, I would plan to use a 3.5% down payment, which I noticed brings "mortgage insurance " as another expense, does anybody have experience with this,? it seems that mortgage insurance can make a big difference if the deals will positively cash flow.

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,428
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Stephen Benson Mortgage Insurance is a thing with any down payment under 20% and has a cost. I think my place in East Austin is $145 you'd want to check with your loan officer to get exact numbers. My purchase price was $250,000.

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The Moorhead Team
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