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11 March 2024 | 4 replies
So not sure if this makes any differences for tax reason buti was thinking of using my 401k money as a loan towards the down payment for a multifamily rental.
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11 March 2024 | 17 replies
A lot of people will tell you, and they are right, when you do a small down payment, finance, and str the house you should be happy to break even and have a vacation house that someone is paying for you.
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11 March 2024 | 3 replies
You could use your line of credit to fund the down payment and closing costs on your next purchase.
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11 March 2024 | 7 replies
Develop a budget that accounts for possible investment costs, save for a down payment, and build up solid credit.Establish relationships with mentors, real estate experts, and other investors.
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11 March 2024 | 7 replies
With the ability to do electronic rent payments and scanned in check deposits you’ll likely spend little to no time on this.
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11 March 2024 | 22 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
11 March 2024 | 4 replies
Hello,I can share with you that in Belgium you need to hold property after 5 years of holding to avoid payment of tax.
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11 March 2024 | 9 replies
These are generally 12-24 month interest only loans that borrowers will generally pay back by selling or flipping to long term financing like DSCR loans.More on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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11 March 2024 | 5 replies
The sellers came back and shut it down, will not accept anything but a full payment.
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11 March 2024 | 19 replies
On our most recent purchase, we bought a home with an assumable loan which allowed us to reduce our monthly mortgage payment by over $1,100 because we assumed a loan with a 3.08% rate instead of taking out a new loan (at that time) with a 7.5% rate!