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11 February 2025 | 4 replies
You can also do a 10% second home mortgage to buy another place and later turn it into a rental.
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4 February 2025 | 12 replies
That would be a separate mortgage and not what amounts to a second loan on your personal residence, which if you have spouses, they might not be that into.
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21 February 2025 | 12 replies
You can also use some low-down payment mortgage products to continue buying in your back yard while house hacking and renting to others.
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10 February 2025 | 6 replies
That way you can take advantage of the tenants paying down your mortgage and the appreciation of the property .Best of Luck.
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1 February 2025 | 12 replies
Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.
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12 February 2025 | 3 replies
Marketing to find what is a deal, $$ to fund that many deals along with utilities, mortgage payments, taxes, cost overruns, etc.
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12 February 2025 | 12 replies
I'm looking more for an overarching portfolio spreadsheet to track asset performance over the lifetime of holding the asset.If you have the property manager paying the mortgages, taxes, insurances, doing all the accounting, etc why not just ask them to generate whatever report you want?
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3 February 2025 | 2 replies
LLCs are ineligible for FHA loans and other government-sponsored mortgage programs
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6 February 2025 | 9 replies
When your rental income is 1.5-2x the mortgage payment - as is typical for highly refined STR strategies - they're basically not concerned about the mortgage payment.
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29 January 2025 | 9 replies
If you're going to need a mortgage, you're locked out of the game.