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9 October 2024 | 312 replies
This adjustment demands a greater cash input at the point of refinancing.
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1 October 2024 | 7 replies
You don't have the benefit of maximizing cost segregation, long term capital gain, 1031 exchange, refinancing / lending, passive income vs regular income, etc. 3.
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3 October 2024 | 11 replies
This is the difference between your home's market value and your outstanding mortgage balance.Interest Rates- Compare current mortgage rates for cash-out refinancing or home equity loans.
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1 October 2024 | 6 replies
If you plan on refinancing it in the short/long term, perhaps taking the higher rate and take the $2300 so you can re-allocate the money on your repairs or closing costs for the refinance.
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3 October 2024 | 0 replies
.- Refinancing is starting back up again.
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2 October 2024 | 13 replies
Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.
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2 October 2024 | 5 replies
How long do you plan to be in that loan before either refinancing or selling.
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26 September 2024 | 3 replies
Is there a DSCR loan available for refinancing self-storage properties in the $700,000 to $1 million range with a reasonable interest rate of 6.5% to 8%, or are DSCR loans only for residential investments?
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4 October 2024 | 6 replies
FHA loans are required for each property, and refinancing is essential for future purchases.
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2 October 2024 | 11 replies
In DSCR loans, a 5-year prepayment penalty (PPP) is common but not universal.You can typically negotiate this with lenders, especially if you're concerned about refinancing within three years.