22 November 2024 | 5 replies
If you are not willing to travel to place and understand the market you are investing you should not be investing there just because it is cheaper then your local market.
27 November 2024 | 7 replies
One approach could be looking into house hacking, where you buy a property, live in one unit, and rent out the others to cover your mortgage.
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21 November 2024 | 1 reply
The provided a really nice place to live for significantly cheaper than renting a run down rental in a bad area.
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26 November 2024 | 3 replies
First get a job.Save enough for 3.5% down for FHA mortgage and buy a 2-4 family property.You can live in one unit and rent out the rest.
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25 November 2024 | 3 replies
Outside of real estate, I enjoy my kids, travel, exercise, wellness and I am also a former Financial Planner turned Mortgage Lender.
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1 December 2024 | 10 replies
Another investor in our mortgage fund wanted to visit every borrower and discuss their personal financial situation with them.
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27 November 2024 | 10 replies
It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120.
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25 November 2024 | 11 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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23 November 2024 | 7 replies
Use less of that and either get the seller to buy down your interest rate or you can do it and have a comfortable mortgage payment and still plenty left for your emergency fund.
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25 November 2024 | 23 replies
In-House seems cheaper but more of a hassle and time consuming.