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4 December 2024 | 12 replies
Heard of a few folks that "make their mortgage for the year" by renting out their downtown condos on Air bnb.
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22 November 2024 | 6 replies
Quote from @Chris Seveney: Quote from @Luis Pereiro: Hello BPI'm looking to connect with investors interested in purchasing a mortgage note (performing).
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1 December 2024 | 91 replies
I was on the phone with a BMO commercial mortgage guy this afternoon.
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1 December 2024 | 3 replies
My costs after mortgage/ insurance/taxes would be 2,987.18$ per month with a 7.125% rate.
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3 December 2024 | 19 replies
Sources for insurance and property taxes: Insurance—ValuePenguin, State Property Tax Rates—Rocket Mortgage.
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29 November 2024 | 4 replies
@Brandon JaThere is not one but what you could track is the 10 year treasury https://www.mortgagenewsdaily.com/mortgage-rates/30yr-treasuries
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3 December 2024 | 5 replies
lol Because an investor is not your 30 year mortgage kind of offer.
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3 December 2024 | 9 replies
This assumes there are no third parties who took an interest between the original deed and the new deed (think mortgage lender).
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4 December 2024 | 17 replies
Also it meets the 50% rule. 30 year mortgage at 7% is a payment of approx 323. 925 rent - 462 (operating expenses)= 462; 462 - 323 (debt service)= 139 cashflow.
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3 December 2024 | 4 replies
It was a great investment as he put $10K down on a $25K investment in 1963, paid off the $15K mortgage in 1980, retired, and live off the rental incomes.