Mortgage recasting, also known as re-amortization, is a process that allows homeowners to lower their monthly mortgage payments by applying a lump sum toward their principal balance.

You need to pad both time and cost contingencies.

Could you kindly let me know when would be a convenient time for us to schedule a call to discuss further?

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.

That’s a lot to ask for guests that are only going to be there a short time.

I don't have a lot of time or bandwidth to invest in a fixer-upper and I would like something with limited work.  

This is an important distinction.Example: You're a self-employed realtor and work full-time.

Time will tell.

Purchase price: $150,000 In the process of buying 1.21 acres in Isabela, Puerto Rico.