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10 May 2024 | 22 replies
Can I use Solo 401(k) as source of funds to pay 25% down and leverage debt for remaining principal amount to purchase a duplex that I will owner occupy and rent the other unit?
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10 May 2024 | 12 replies
Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.
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9 May 2024 | 11 replies
You simply have to be honest in all your dealings with people and make the proper licensing disclosures so there is no chance of confusing the “I am representing you as an agent verses I am representing myself as a principal in this transaction”
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8 May 2024 | 4 replies
Where we find a drawback on this move is our lack of knowledge of the legality of the question: "Can the Investment owner Legally ask their tenant to try to apply for the section 8 voucher?"
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8 May 2024 | 11 replies
With some help from my principal broker, helping me fill my funnel and bringing me in on his business to help put my valuation experience to use, I switched to full-time not long after!
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9 May 2024 | 14 replies
I don't think investors understand that in many foreclosure situations they are going to lose interest for sure and principal ( very common). the thought that 20 or 25% equity is enough coverage to alleviate a loss does not play out very often in a foreclosure situation.
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9 May 2024 | 8 replies
But if I needed it to pay for itself I'd be divesting and probably losing 30-60k of principal besides right now.
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8 May 2024 | 50 replies
Principal pay down on that loan won’t cover you 10k roof or HVAC replacement etc.
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8 May 2024 | 4 replies
Was my original thought.Fast forward 5 years and now I had $200,000 in equity between market appreciation and principal pay down.
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7 May 2024 | 34 replies
But what about if you want to lay extra towards principal every month.