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23 April 2024 | 3 replies
That isn't enough equity to move the needle now and since you are on a 5.75% FHA, your payments are probably still pretty high comparatively which might cut the ability to save more.
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22 April 2024 | 0 replies
We later sold the property on seller financing terms, asking for $139,000 with an $18,000 down payment, also spread over 30 years.
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22 April 2024 | 4 replies
It’s good measure to move it to an LLC or a Real Estate Privacy Trust for asset protection.
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23 April 2024 | 1 reply
I get a percentage or previous agreed payment.
24 April 2024 | 11 replies
The cash payments are modest.
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23 April 2024 | 8 replies
Trying to cover all of your mortgage while living in one of the rentable units may work if you are willing to put down a larger down payment (all of that 100k).
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23 April 2024 | 7 replies
Two points late Payments is a you problem not a them problem.
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20 April 2024 | 4 replies
Why trade a 3% mortgage payment for an 8% mortgage payment, on a similar priced house?
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24 April 2024 | 13 replies
They don't get high appreciation, largely due to the fact that the loans for them have a high interest rate and require a larger down payment as well.
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23 April 2024 | 4 replies
For example, even 50% down payment, the loan repayment is still more than the rental income.