10 December 2024 | 2 replies
Again PMI offers the lower rate because its less risky and offers insurance to the bank.So when you sell your current home try and keep as much as possible and avoid an "All Cash" offer.

13 December 2024 | 2 replies
Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.

7 December 2024 | 12 replies
@Abigail King I invest in several towns in central IL, and am interested in adding some properties in Peoria to my portfolio as well.

14 December 2024 | 12 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

13 December 2024 | 7 replies
Opinion, avoid historical districts...
13 December 2024 | 4 replies
I'd suggest avoiding co-ops if you want the option to rent it out later.

18 December 2024 | 23 replies
Depends who you ask and how secure you feel about your income On the one hand being debt free is great, but leverage allows us to build our wealth quicker.RE investors are notorious for being cash poor, so I would avoid thatIf youre able to comfortably save 100k a year and have enough reserves, I think buying leveraged properties is the best way to scale.You could kill two birds with one stone theoreticallyThey say paying an extra month a year towards principal saves you 7 years on a 30 year fixed mortgageUsing that logic you can add 2+ months a year on your primary, and buy 1 property a year and keep enough reserves.

11 December 2024 | 12 replies
It’s a vacation destination with steady year-round tourism, and there are opportunities to find properties that cash flow well, especially centrally located condos or single-family homes in the $250k–$350k range.That said, the "right" market depends on your investment goals.

11 December 2024 | 3 replies
This is a small campaign so I want to avoid paying for a service.Any advice or examples would be greatly appreciated.

10 December 2024 | 5 replies
That way you avoid using a lender and do not have to pay lender or loan officer points.