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8 March 2024 | 6 replies
A private loan or rich uncle is another example.The alternative with a mortgage is that you have to BRRRR sequentially, not in parallel.
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8 March 2024 | 9 replies
Your DTI for a mortgage is based on the mortgage payment.
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9 March 2024 | 9 replies
I'd also suggest running some for-rent ads, to see what type of response you get.It's notoriously difficult to accurately predict ARV on these types of properties, because they're so niche, and the market for them is usually completely different than the market for more standard properties...For instance, a lot of lenders won't provide a mortgage on a property for less than $100k--and if that's the case in your area, that would mean that the only potential buyers for the property are cash buyers, which makes selling the property more difficult.
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8 March 2024 | 5 replies
Cost per month, because that's how it is paid by the home owner.This means the total cost per month is both the energy bills AND the mortgage.
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8 March 2024 | 4 replies
The “due on sale” clause does not, in fact , legally CAN NOT, prohibit a transfer of property where the mortgage lien is not paid off.
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6 March 2024 | 5 replies
The quality of the mortgages is higher.
8 March 2024 | 8 replies
I have maybe 100.00 of liquid cash, my credit score is 577 and I have a home 3 bedroom that I pay a Mortgage too.
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8 March 2024 | 3 replies
My interest rate on the home I pulled the HELOC from is 2.75%, so I don’t want to refinance it because I won’t get that rate again and I would like to avoid my mortgage increasing in both properties if possible.
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7 March 2024 | 3 replies
I have tried to make the numbers work in our area and i cant get new construction for rent to deliver adequate cash flow. make sure you are calculating your costs properly