Wendy S.
Buying new car cash vs financing
7 December 2024 | 18 replies
So yes no capital gains tax, and didn't put any extra principal payment.
Jay Orchid
What would you do? Potential to HELOC on one of 4 rentals to expand portfolio.
2 December 2024 | 4 replies
I'm interested in everyone's opinions on using a HELOC to purchase turn-key rentals for the short term and covering principal paydown across all new mortgages / loans ( HELOC ) through excess income.
Julian Martinez
Biggest & Best House in C- Neighborhood - Sell or Keep as Rental?
7 December 2024 | 4 replies
So I’m trying to see if I take that equity off the table and re-invest the sale proceeds in another market across more doors where we’ll see better appreciation, OR if we continue keeping it as a rental and work on principal pay down even though the rental price has been coming down and the home is not the easiest to fill because of the above average price for the C- to B neighborhood.Ultimately, my stated goal has been to build appreciation (over cash flow) by acquiring 1-4 doors per year for the next 10 years to allow my wife to retire (or be work optional) by the time she's 50.
Jermaine Washington
Cash out refi question
5 December 2024 | 17 replies
My question is "for anyone with this particular experience" Is it a far fetched idea to do a cash out refi on house "A" to payoff some personal debt and large payment on house "B" to knock down the principal?
Deepak Sukhija
Need Advice- Multifamily 22 units apartment building
27 November 2024 | 9 replies
But these do have drawbacks, typically in lower LTV, prepayment penalties, etc.
Tyler Koller
Baselane Vs Stessa
8 December 2024 | 30 replies
They have had many drawbacks in the past but they are quick to put out new features and do actually make changes based on comments in the forums.
Salvatore Ross
Triple Net Lease (NNN) Resources
30 November 2024 | 4 replies
Salavatore,I have been doing NNN about 21 years as a principal broker and an investor.
Mark S.
American Homeowner Preservation (AHP) Fund
4 December 2024 | 353 replies
Jorge Newberry is the principal and a very good guy from my experience.
Raj Vardhan
Cash out Refi
9 December 2024 | 16 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Kyle Luman
Cash flow vs equity discussion in recent Podcast
13 December 2024 | 13 replies
Doing this will give you a lower interest rate, which is why I prefer it to getting a longer amortization and paying extra on the principal.