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1 October 2020 | 9 replies
Subprime mortgage crisis indicatorsFrom the Journal of Real Estate Finance and Economics, Maxmilian Schmeiser and Matthew Gross reviewed over 20 million subprime loans from 2008-2014 to discover clues that lead to re-default and eventually foreclosure.After the financial crisis, they found that most mortgages were taken back by the bank (REO), sold at a loss (short sale), or sold at foreclosure auctions.In their study, they looked closely at loan modifications that enabled homeowners in default to renegotiate their loan to more favorable terms.
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2 October 2020 | 16 replies
You might be surprised as they've gone up quite a bit in a number of areas and if you purchased at a good price, you might find the appraisal comes in high enabling you to pull out considerable cash for your next investment (much quicker than relying on monthly cash flow).
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8 January 2021 | 6 replies
The “Assignment Company” is typically a very large Insurance Company or equivalent and therefore there is very little chance of default.Charitable Remainder Trust - A “CRT” is a tool that enables you to give to charities while reaping financial benefits.
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21 November 2020 | 13 replies
This enables you to move, hire a property manager and not blow your entire investment due to poor cash flow planning.That alone is a good enough argument to house hack.
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29 July 2021 | 19 replies
(At least that's what I think now; you never know what a BK judge is going to do.)It also gives us a head start by enabling us to make contact with the tenants & verify the condition of the property ahead of the sheriff's sale.
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12 October 2020 | 21 replies
The only difference is the flood insurance is cheaper based on the maps.If you feel any additional specifics as to my preferences would enable you to offer more insight into the core question, please let me know and I can post that info as well.
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14 October 2020 | 7 replies
Yes, I agree for the price comparison for the row home they might be different due to the location enabling the higher rent return plus the quality will match the demand.
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10 October 2020 | 6 replies
The market is hot so I would like to have the money accessible quickly enabling fast acquisitions.
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8 October 2020 | 2 replies
Doing so essentially enables me to own the properties without using any of my own $$.
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19 October 2020 | 153 replies
This plan has been influenced and enabled more by everything I’ve done before or after college than by my college experience.If you have a particular goal with college that supports your long term strategy then go for it, but don’t let it wreck your credit or bury you in debt.