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11 July 2024 | 22 replies
There is no trick, think of it this way: you have a principal to pay off ($175k, so you could do 175 months x $1,000) and as long as you do the outstanding balance generates interest.Your mortgage payment is PITI, you always have TI, principal you pay in your own pocket and interest is a tax write-off.But from a cash flow point of view paying one off first is better, because you save both the principal and interest portion, which comes out to about $1050.
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7 July 2024 | 10 replies
According to our understanding of the VA home loan guidelines, a property can be up to 4 units, and mix use is allowed so long as the property will be the buyer’s primary residence and the the commercial use is subordinate to the residential use comprising no more than 25% of the property space.
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7 July 2024 | 0 replies
We were planning to sell the property as townhome/condos but ending up selling to a Airbnb short term rental buyer.
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6 July 2024 | 8 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
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2 July 2024 | 0 replies
You begin to acquire properties to hold for the long term, creating a steady flow of passive income.
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6 July 2024 | 25 replies
They aren't the cheapest but are less likely to commit fraud like what you have described.
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1 July 2024 | 2 replies
Two units are year round, two are mid term.
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5 July 2024 | 5 replies
Hey Glenn, To keep it simple (and in general terms), bigger banks usually do not fund distressed properties that need rehab.
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7 July 2024 | 5 replies
As long as the military doesn't have any prohibition on you having a house/apartment as your "residence", then I don't see any reason you couldn't.
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8 July 2024 | 2 replies
Why do you think purchase contracts are so long and have such small print?