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8 August 2018 | 13 replies
Instead of helping me with the sale, I was able to negotiate an added stipend which covered my mortgage.
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13 June 2018 | 2 replies
and use the rent it is pulling to cover those monthly payments.Wondering if there are any other options out there I am blanking on...Any help is appreciated!
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12 June 2018 | 13 replies
The more responsible siblings have even more recently taken over management from the less responsible siblings, as they try to bring things back into order after a rough couple years.They've provided me some initial number that cover their year until Nov 30, 2017.
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7 June 2018 | 1 reply
The more units the better your chance that the rent checks will cover your debt payment and you might not have to pay any rent.Save as much as you can.
8 June 2018 | 0 replies
So far it's been working great...covers my monthly nut so basically living for free.Right now I have about $360k left at 4.3%I have about $170k in cashWas thinking to use some of the cash to either invest or perhaps pay down some of the mortgageBut...this sweet house for $650k came on the market - it also has a main living area and a carport that can be rented out for $1500/mo or so.So I'm thinking if I deploy 20% into that I can live in the 2nd house and the cashflow from the other house + side rental should cover it all.Do you think this is a good idea or given how hot the market it is would it be safer to just pay down the first mortgage first?
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8 June 2018 | 4 replies
@Dave Bopp - at that point they would be considered a holdover tenant and your lease should cover that.
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8 June 2018 | 1 reply
Some lenders may offer to cover closing costs in return for a higher interest rate.
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13 June 2018 | 6 replies
In her book she said if a investor put a deed in a land trust to cover up the due on sale clause, this action could be consider a mortgage fraud; because if a court rules that the intent was to keep the bank from exercising its legitimate rights by hiding an important fact (deed transfer), I can be accuse of mortgage fraud.
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9 June 2018 | 9 replies
Second, in the contract is there wording about them marking up the repairs to cover their time?
8 June 2018 | 16 replies
Evaluate your current lease and make sure you covered for these frivolous costs in the future