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22 February 2024 | 24 replies
Helpful context that we wont need a realtor.I simply operate the rental income, expenses, and financials out of the LLC account.
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23 February 2024 | 14 replies
By the end of this year you could be selling homes and have a much better income coming in to fuel your investment goals.
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23 February 2024 | 4 replies
Many of these loans are not full doc and we don't look at personal income or employment status, so those factors don't really matter.
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23 February 2024 | 4 replies
This could happen faster than income from new loan originations.Mortgage Officers are Choosing Not to Renew their Licenses at a Wild Pace.
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23 February 2024 | 8 replies
This eliminates a lot of side hustles and the only means of getting some side income is through stock investments or real estate investments.
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23 February 2024 | 6 replies
The reason is that you are paying a 10% withdrawal penalty AND income tax on the money.
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23 February 2024 | 1 reply
The added income is not needed to make the numbers work, but I was just thinking of ways to get more out of the property.
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23 February 2024 | 2 replies
The DSCR is a bit more expensive, but it only cash-flows the property and does not require them to do a full-income documentation loan to you.
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23 February 2024 | 7 replies
That enables you to live in the community you love, gives you extra income to pay off the house faster, and you won't have tenants trashing the place.
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23 February 2024 | 15 replies
I would think there is value in building this equity, only using the income from the monthly rent collected (no additional out of pocket cash each month).For example, if Year 1 of a 20 year amortization pays down say $3,000 of principal balance on the loan, in my mind, my balance sheet gained $3,000 of equity (a positive).