From there we go into a cycle of equity accrue, plan a future liquidation of properties, tapping such gains, 1031 profits (if no Biden) into a singular Class B/A commercial residential complex, say around 200 units.

In addition, I had to pay an additional 1% down payment so that there was time for the loan to get transitioned to the final lending institution before interest accrued and exceeded the max approved credit limit before I had a chance to make a payment.

Originally posted by Account Closed:So, having never been a homeowner before, I'm wondering aside from the down payment, what are the other costs accrued in the home buying process?

The 4th unit the tenant pays late every month and has accrued a lot in late fees (previously owners charging $5/day in late charges).

While inflation is destroying the value of the debt you hold on that property to the debt owner, it is inflating the value of the asset that you hold, benefits all accruing to you.

I plan on accruing a dozen more in LA and Brooklyn in the coming months.

The pause button is essentially pressed, or in more technical terms (as interest was likely accruing and tax and insurance still being paid out of escrow, the quickest impact will likely a slight increase to escrow) but other than that your payment stays the same for years 7-30 and then the 6th year (when you didn’t make payments) gets added on in year 31.

@David HulitWill the loan be paid immediately and interest start to accrue?

Some make monthly distributions, some quarterly, some accrue until sale.

They would not have this sort of program unless they believed that it increased their overall bottom line.Sure, some people can responsibly maintain balance transfers and always pay their debt before interest starts to accrue.