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26 March 2024 | 6 replies
Hi Brent, check out Scoot Mortgage on Facebook.
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25 March 2024 | 9 replies
(date the rate, marry the mortgage)TLDR: home 1: House on navigable water 2/3 acre. interest 2.75% @ $288k remaining... monthly payment: $1650/mo, rents: $3000/mo, net after expenses: $500/mo and goes up to $1000 after 5 years.home 2: 7% interest @ $550k in the school district we want and nicer home.I want to time the interest rates correctly so they don't go down and prices go up and we get priced out of the market.
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26 March 2024 | 5 replies
There is no phone to call them.(4) They use Yodlee for connecting to external banks and mortgage servicers.
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26 March 2024 | 4 replies
Heloc is generally 10 or 15 years amortization verus a 30 year mortgage with the lower payment.
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25 March 2024 | 8 replies
Are you looking at buying/building a private strip and expanding the hangar capacity or would this be an off airport storage requiring wing removal and towing?
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25 March 2024 | 7 replies
Is that where hard money or private loans would come in?
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26 March 2024 | 11 replies
If you were getting a mortgage, typically the borrower has to have some money to put in (downpayment).
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26 March 2024 | 1 reply
However, they are weary of being on the title in the case of a lawsuit for asset protection.Here is my proposition and I would love to know what the BP community thinks.We create a LLC between myself and my parents and the LLC goes on the mortgage and the title of the house.
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26 March 2024 | 39 replies
this could be a good solution but you should still at least break even with LTRs as a backup plan. note that even a breakeven deal is only breakeven for a short time. rents go up, mortgage goes down. you could also start looking offmarket!
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26 March 2024 | 3 replies
And at no fault of their own – cashflow is what they were SOLD on.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your propertyLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.