Many likely have coverage for their mortgage balance or from many years ago.

While less than 10% of the mortgage industry offers 40-year mortgages, here's something to factor in: they often come in with a rate increase of 20-35 bps.Assume 35 bps.$300k mortgage at 7.25% (30-year): $2,046$300k mortgage at 7.6% (40-year): $1,996Technically, it lowers the monthly, but not by much once factoring in the rate adjustment.

I just completed my 20 hour course for my Illinois Mortgage Lending License and the final step is taking the state exam.

I would buy a deal that at least minimally cashflows (they exist) and then plan to refi in the 18-36 month window.

They will pay a higher mortgage payment because they are not trying to cash flow.

We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license.

I don't think enough people consider this aspect.Selling Stock: Selling part of your portfolio could work, but the 15% capital gains tax might make this an expensive choice unless the stock has underperformed or you’re diversifying away from riskier investments.HELOC: Using a HELOC on an existing property is a flexible and relatively low-cost option.

There are so many variables and some of the biggest misunderstandings come from regional variances on how these variables are handled (mortgages & financing especially).I had thought progressing towards multifamily and then commercial was the obvious path to follow, but one conversation changed it all.

I have a mortgage with Chase for $150k.