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22 January 2025 | 0 replies
Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.
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23 January 2025 | 6 replies
If you want them to leave, provide them legal notice to leave.
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31 January 2025 | 6 replies
Instead of continuing to hire remediation contractors you should hire a hygenist to come in, do some testing and provide a remediation plan.
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24 January 2025 | 6 replies
Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.
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25 January 2025 | 6 replies
You don't provide enough data to know.Every product is only worth what you are willing to pay for it.
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18 January 2025 | 16 replies
I find that internet providers, like Comcast, tend to update their technology and offerings to better speeds as customers have higher usage demands.
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16 January 2025 | 1 reply
They aren’t able to get a mortgage themselves so they would provide the money while the mortgage and deed would be in the others name.
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16 January 2025 | 2 replies
That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.
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12 January 2025 | 5 replies
Note I have no affiliation with them except I use them and they have provided me a great VA.
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13 January 2025 | 4 replies
Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.