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19 January 2025 | 61 replies
For the couple hundred in extra 'cash flow' you get by doubling a payment's term, I'd much rather be done with it sooner.
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13 January 2025 | 17 replies
@Jaycee Greene I wouldn't have the funds for the down payment.
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12 January 2025 | 23 replies
. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
12 January 2025 | 10 replies
In theory, since we don't have a prepayment penalty, you could borrow the money, complete the rehab and pay off your loan before your first payment was due.
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28 January 2025 | 22 replies
Use your $30k for down payment or initial rehab but budget extra for unexpected repairs.Your lead methods (D4D, DealMachine) are strong.
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14 January 2025 | 19 replies
Wealth-drivers are appreciation, debt pay-down (ie. principal payments) and tax shielding.
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9 January 2025 | 9 replies
The terms remain the same, we still pay the monthly mortgage payment.
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11 January 2025 | 18 replies
I texted her the rent amount on Tuesday afternoon (per her request) & the various ways to pay it - she said she would "get with me on the payment".
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14 January 2025 | 11 replies
This will still qualify for a residential mortgage and you have a better shot of completely offsetting your entire payment.
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16 January 2025 | 13 replies
I would avoid any tool that charges 1% of booking revenue as payment.