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11 November 2024 | 19 replies
Basic cable is often only about $65/month and in my opinion is much cheaper than 3-4 streaming platforms.
13 November 2024 | 4 replies
I will be purchasing the properties in cash, likely from mortgage or tax deed/lien auction.
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14 November 2024 | 8 replies
We reduced price as well.The units are still empty and I'm starting to get really tight with mortgage payments and rent (I live in NYC).
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14 November 2024 | 0 replies
We bought it with a HELOC on my mom's primary residence for the first $40k, then hired a contractor for demolition and major renovations, did cosmetics ourselves and used more heloc money totaling $60,000. 1 year later we listed it on VRBO and AIRBNB and refinanced the $100000 into a fixed rate mortgage.
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15 November 2024 | 7 replies
Honestly, that is all the insurance company needs to report the loss and raise your insurance next year.Good Investing...I called my mortgage broker to ask about changing the coverage to the rental coverage and he asked me if there was any damage after the hurricane.
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7 November 2024 | 22 replies
Do you have an outstanding mortgage in your personal name?
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13 November 2024 | 66 replies
There is a moratorium on foreclosures for federally backed mortgages.
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14 November 2024 | 22 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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12 November 2024 | 3 replies
@Philip MurphyYou would need to have the taxes paid and payoff his mortgage for you to receive clear title and title insurance.All debts on the property must be satisfied to provide clear title
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13 November 2024 | 2 replies
@Abu S Syed What Questions do you have about DSCR mortgage loans?