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20 March 2024 | 12 replies
Smith, RA - Principal Architect at Architect Owl PLLC (Licensed in NY & CT)
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20 March 2024 | 13 replies
The only caveat I would add is that you should be able to make the payment out of your day job salary, ideally with a bit of principal on top of that.
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19 March 2024 | 3 replies
Ignore the loan when trying to factor in the possible tax implications as paying off a principal balance doesn't do anything tax-wise.
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19 March 2024 | 4 replies
Not sure if you know or not, but the 203k has an option where you can wrap up to the first 6 months payments into the principal of the loan.
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19 March 2024 | 19 replies
Accredited investor Principal of YADAYADA llc. just closed X at 1.5M in Y area and have portfolio relationships with BLAH bank and BLAH bank.
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19 March 2024 | 7 replies
I currently do referral work through the holding company, Universal Principal Broker.
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20 March 2024 | 14 replies
At the conclusion of every cycle add the ROI on top of initial principal then loan that out.
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22 March 2024 | 88 replies
With the 350k property just your principal pay down alone provides double digit ROI, let appreciation help with the rest.
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19 March 2024 | 7 replies
You can find super affordable homes here below the median home price that beat average rent in these areas.2) If you factor in principal paydown, aka the amount of each monthly mortgage payment that goes back to you in the form of equity, AND the opportunity for appreciation, as Raleigh is expected to grow substantially over the next few years thanks to big corporations and swarms of people moving into the area.... you'll find that the math works our quite favorably for owning a home versus renting.3) When you factor in rate incentives with new construction homes in these areas may be even cheaper.
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18 March 2024 | 12 replies
Have a look at an amortization schedule for a new house and subtract the principal payment from each moth when comparing it to your rent payment.