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1 April 2024 | 26 replies
I would like a nice balance of both!
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2 April 2024 | 32 replies
There’s numbers on a piece of paper that put seller financing in a great light.And then there’s the reality of seller financing being a bet on the buyer managing and maintaining a property well for years or decades while you still have skin in the game.And a bet that the value doesn’t decline by more than the balance of the debt.And a bet that the higher “price” received because of seller financing doesn’t come with opportunity cost in the form of being able to spend or invest the liquidity day 1.And the fact that buyers with seller financing always want better terms than a bank would give them, which is real economics that sellers are far less equipped than banks to estimate risk/reward on.Seller financing is relatively rare.
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1 April 2024 | 10 replies
Your high income and credit should balance themselves out a little bit in a lender's eye and you would be hoping to refi out of these rates in 1-2 years if you can anyway.
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1 April 2024 | 2 replies
Comes with all the bells and whistles, including a business domain and website.Local Attorney:An all-inclusive flat rate of $1,500 would cover personalized legal advice, ensuring all my paperwork is in order and potentially helping me avoid legal issues.I'm balancing cost-effectiveness with ensuring I'm setting up my LLC correctly.
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1 April 2024 | 7 replies
2) The FHA MI you're paying is going down every year based on the principle balance.3) You could look into a cash-out refi to see if rolling in other debt helps it make sense to refinance.
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2 April 2024 | 20 replies
Hope you got a discount on the purchase price due to the tenant past due balance and didn't get suckered into paying full price just because it has an S8 tenant:(You may also want to push your PMC to send the eviction paperwork to the S8 caseworker, so hopefully, they take away this tenant's voucher!
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31 March 2024 | 11 replies
Are there any ways to find out the mortgage balances on a property, other than physically going to the courthouse?
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31 March 2024 | 23 replies
There is a balance, but if I find someone I like, I will recommend them to others and use them anytime I need something (and I have done with my PM and my realtor).
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30 March 2024 | 4 replies
Or do I just use the remaining balance of the loan?
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1 April 2024 | 11 replies
Your past smoking experiences helped balance out the harsh realities.