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15 January 2025 | 10 replies
I'm also a licensed mortgage broker with a lot of fix-and-flip programs, including some that require as little as 10% down on the purchase price, and provide 100% of the rehab funding.
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5 January 2025 | 12 replies
Have you thought about buying a duplex or other MF property where the renters can help pay the mortgage?
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18 January 2025 | 36 replies
Set the second thermostat to whatever you consider the minimum temp to be - I would use 55º - and electrically parallel the existing and the hidden thermostat.
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11 January 2025 | 10 replies
It's not quite as easy as renting out two sides of a duplex, but with the right marketing and management you could rent out the extra unit to supplement the mortgage payment.
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6 January 2025 | 10 replies
Now a "Foriegn National Mortgage" has similarities to those mortgage types but you will pay a higher interest rate and be required to have a higher downpayment as well (usually about 35% down).
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18 January 2025 | 12 replies
With my CFO clients, I generally assume a 35% operating expense margin (which excludes vacancy and mortgage payments) to start with and adjust from there.
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10 January 2025 | 2 replies
Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.
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8 January 2025 | 7 replies
I started my career as a commercial banker a long time ago, but have been an independent mortgage broker for nearly a decade.
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8 January 2025 | 1 reply
Adjustable rate mortgage, 10% down.
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4 January 2025 | 4 replies
This is a conventional loan where they also cover your PMI (private mortgage insurance).