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8 February 2025 | 15 replies
Just keep in mind the MIP doesn't come off the loan like normal PMI at 25% equity.
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3 February 2025 | 26 replies
I think your better off with points and lower interest rate
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24 February 2025 | 1 reply
It would cost us $42,500 for downpayment and loan costs (+ home insurance/property taxes) upfront.
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20 February 2025 | 3 replies
However, you should have a clear agreement in writing that outlines the timeline and conditions.
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22 February 2025 | 5 replies
It gives you a ton of experience on: dealing with tenants, writing leases, maintenance items, etc - all from your backyard.
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22 February 2025 | 7 replies
I'd love to bounce ideas off of eachother.
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12 February 2025 | 16 replies
The sum total of taxes of each of the 4 units will usually be higher than if it were apartments.
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19 January 2025 | 7 replies
I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.
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30 January 2025 | 19 replies
For a PMC to charge a renewal fee just to write a new lease is a BS fee though.
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10 February 2025 | 2 replies
The seller may not want to do this, as many of these guys are benefiting from the tax deferral which comes with NOT moving title over.