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16 January 2025 | 1 reply
Whether it’s sharing strategies or collaborating on deals, there’s always value in teaming up.Feel free to reach out, and let’s see how we can make things happen!
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21 January 2025 | 21 replies
Feel free to reach out and we can give you information on our experience.
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15 January 2025 | 11 replies
You can use it as a downpayment on a property over $450k and use leverage tax free.
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15 January 2025 | 6 replies
Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.
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20 January 2025 | 12 replies
Feel free to reach out if you have any questions or just want to talk.
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13 January 2025 | 3 replies
If you own (2) properties free and clear you could simply do a cash out refinance.
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4 February 2025 | 3 replies
I am trying to find a software and thought the same thing - let's try RentRedi since it is free through my BP pro membership.
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29 January 2025 | 20 replies
Alas, this scenario didn't last very long, as you would expect in a free market capitalist society -- new money flood in, more STRs in supply, property prices increase, STR incomes decrease, until a new equilibrium is achieved.Nowadays, the word STR is being used to describe both the property and the business.
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22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.