If you’re comfortable with it, you could ask to extend the term beyond five years or potentially even adjust the interest rate for a longer payoff.

For awhile it seemed like only SLS and Pennymac were buying loans and I got comfortable with their platforms but now I’ve got Lakeview, Mr.Cooper, Flagstar in the mix all with different systems. 

We need to be able to communicate and work together on this.If you don’t feel comfortable sending me the email list directly, you can send a generic email to the whole group (like you used to send the monthly updates )and ask who wants to share their email and be part of the group email with other investors so that we can find solutions together. thank you

The house is comfortable renting out to 2 tenants with their own bedrooms and an extra fridge.2) You should wait until after this COVID bust. 30% of mortgages in the United States were laid or in default in April / May.

I spent my entire summer doing maintenance and ensuring comfortability.

That is the truth Nate, boy, I'd be exactly where I wanted to be, but I am definitely one that believes it's never to late, so I'm starting now to get ready for the next 20 years so I can retire comfortably.

I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

It will all depend what you feel comfortable in terms of budgeting and the type of repairs needed.

They took a lot of risks that I wouldn't be comfortable taking.

Depends who you ask and how secure you feel about your income On the one hand being debt free is great, but leverage allows us to build our wealth quicker.RE investors are notorious for being cash poor, so I would avoid thatIf youre able to comfortably save 100k a year and have enough reserves, I think buying leveraged properties is the best way to scale.You could kill two birds with one stone theoreticallyThey say paying an extra month a year towards principal saves you 7 years on a 30 year fixed mortgageUsing that logic you can add 2+ months a year on your primary, and buy 1 property a year and keep enough reserves.