All Forum Posts by: David Keys

How many properties would you have without a partner?  Just curious.  

Click link to see video of property   

Click Link to see property listing      http://www.har.com/7710-cedel/sale_78478042

Joe I was trying to do both in this example.  With the large principle balance payments every now and then you never care about the length of term.  

Thanks Joe for your input.  I thought it was a great idea.  Say your 200,000 dollar house had a $2000 dollar note and then in a couple years down the road you wanted to put down 30,000 to principle it would reduce your payment to $1600 a month.  This makes no since for leverage guys, but it does for a forced savings account that makes your feel like you have a cash flow property.  lol

So I don't look like an idiot here is the link.  I didn't want to advertise for them but please let me know your thoughts?  Its the Principle Reduction Plan.  https://www.askzeus.com/shopping/why/

I have never seen any other lenders offer this.  It will be a lot more attractive when rates go up.  

Joe, yes I will do HELOCS in the future for my purchases.  I will PM you the link to this program I am talking about.  I don't want to advertise for them.  

Greg its my goal to have rental properties paid off free and clear as fast as I can. It makes me feel good lol. I guess I need to get in the leverage game. I am freaked out on what I hear on the podcasts, but it also makes me think that I have been playing it to safe. I agree with your point on the interest rates today. The properties I paid off a couple years ago were at around 6%. Instead of having 3 rental places paid off I could have 20 houses with mortgages. Houston and Austin didn't see a crash in 08 and 09 so we have never been able to come in and go to town buying as far as MLS listings. Even with the oil crash values have not come down much at all. But when they do I will take advantage of leverage. Again thanks for your insight.

Traditional plans is that your monthly mortgage payment is never reduced during the term of your mortgage no matter how much you pay down your Principal.  I have found one company/lender that said they trademarked this concept.  If you PM me I can get you their link to their page with the explanation.  Basically your loan gets reamortized every time you make extra principle payments.  Since they advertise they trademarked this product I guess no other bank or lender can do it?  I was hoping another lender could.  Great place to find out.