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24 February 2017 | 37 replies
The following is my actual situation...property 1 (SFR, CA) rent: 1850 value: 362k loan: 113k payment: 850 rate: 4.375% 30yr fixed HELOC: 73k payment: 500 rate: 4.75%property 2 (SFR, Utah) rent: 975 value: 150k loan: 58k payment: 450 rate: 4.8% 30yr fixed property 3 (duplex, Utah) rent: 1050 value: 150k loan: 67.5k payment: 500 rate: 4.875% 30yr fixedproperty 4 (duplex, Utah) rent: 1050 value: 150k loan: 67.5k payment: 500 rate: 4.875% 30yr fixedproperty 5 (SFR, CA, Primary residence, parents renting) rent: 2200 value: 395k loan: 301k payment: 1900 rate: 4.5% 7/1 arm total assets: 1.207 million total liabilities: 680k net worth: 527ktotal rent: 7125 total payments: 4700 difference: 2425total cash: 30kown cars cash. no other rent/mort payment, credit cards paid to 0 balance every month...
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19 February 2017 | 3 replies
The higher the risk the higher the discount which increases your IRR. and yes, the lower priced assets will erode your profit from servicing fees and possible force placed insurance expenses.
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19 March 2017 | 12 replies
The bankruptcy court forced him to put all his properties under one entity and then file bankruptcy.
5 January 2016 | 5 replies
Recent medical issues have forced him to the sidelines temporarily, and I am hoping to take this opportunity to formalize some processes and add more structure to his rentals.
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28 December 2015 | 4 replies
Hi, my name's David from Holt (Lansing area) in Michigan.I'm a semi-newbie....My wife and I purchased our first home in 2004 with a nothing-down, interest-only, ARM, thinking we'd simply upgrade in three to five years, as I was raised to believe real estate always appreciates.
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30 December 2015 | 7 replies
It's in a 7/1 ARM at 2.875% that won't adjust until 2020.Even with the great interest rate, the property doesn't cash flow (San Diego), some of which is because the HOA keeps jacking up fees (now $500/month).
5 January 2016 | 89 replies
Maybe the company should advertise that their agents are armed.
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28 December 2015 | 10 replies
We are also recently an approved management company by McConnell AFB as well, and we're finding with the new building they are doing on base, is forcing airmen to find off-base housing.
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30 December 2015 | 7 replies
Our problem is the fact that NOPD is working with a fraction of the police force that is needed to keep any of our streets safe.
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4 January 2016 | 4 replies
I have my current rental property mortgage through Fairport Savings Bank (30 yr fixed @ 4.5%) and I'd consider using them for a cash out refi as well, but I'd probably do a 10/1 arm for that loan.In response to your comment, would there be a seasoning period required for an owner occupied property?