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22 February 2025 | 5 replies
At the end of 2023 I purchased an old 4plex out of state (MD) for $180k (it appraised for this amount), 20% down with 7.99% rate, mortgage is $1364 with piti.
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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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11 February 2025 | 15 replies
Secondly, condo, house, anything with a mortgage...
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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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3 February 2025 | 2 replies
LLCs are ineligible for FHA loans and other government-sponsored mortgage programs
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30 January 2025 | 6 replies
@Dillon Clark-don't pay extra down on your mortgage-don't use a HELOC-save up as much as you can-hope this helps
8 February 2025 | 89 replies
Not sure why anyone would pay to learn how to snowball a mortgage .. ????
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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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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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3 February 2025 | 2 replies
My name is Nick, I am a Residential/Commercial Broker with Home Front Mortgage.