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19 November 2024 | 2 replies
Eliminate debt, establish a budget, and save.
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16 November 2024 | 24 replies
Its still your debt, though, and it would now be the first mortgage and your new loan would be a second.
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18 November 2024 | 4 replies
I think that losing the HELOC should create a little better cash flow but at the very least it will put some stability into my debt service.
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16 November 2024 | 3 replies
I was conflicted on DR's adamant position against leveraged debt, however, having a degree in finance and economics I believed I had well balanced approach.
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20 November 2024 | 11 replies
You or both of you might think you have a $1.3M home but in reality its a $975K debt!
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22 November 2024 | 28 replies
Is having debt not reported on credit is your priority?
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21 November 2024 | 20 replies
I would also put part of it in a debt fund.
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16 November 2024 | 7 replies
I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.
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18 November 2024 | 8 replies
That means they are paying dividends out of investor capital or debt, instead of NOI.
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18 November 2024 | 6 replies
In my experience, cash flow is key, especially for long-term holds, so running a detailed DSCR (Debt Service Coverage Ratio) analysis might be a good step here.On the flip side, if you're eyeing faster returns, a flip might be more lucrative.