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21 April 2024 | 7 replies
This discrepancy was not previously recognized by myself or the mortgage lender until I received correspondence from my lender indicating that the insurance policy holder's name must match the property owner, in this case, my Ilc.
22 April 2024 | 2 replies
These activities include shopping for mortgage, communication with lenders, going to open houses, doing comps for putting in an offer, analysing disclosures, and closing activities.
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24 April 2024 | 5 replies
You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future?
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22 April 2024 | 4 replies
I don't have much in the way of equity but continue to save to buy my first property, I have great credit and a DSCR lender who is willing to lend to me, but I am missing the equity for the deals.
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23 April 2024 | 3 replies
The purchase price is about $350k, but the assumable mortgage only has about $250k remaining.
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23 April 2024 | 4 replies
Based on info provided, rate should be more in the mid 7s-low 8s likely, back of the napkin, with no lender discount.
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23 April 2024 | 7 replies
You have two properties, which are in a blanket mortgage and you use a property management company to manage them.
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24 April 2024 | 42 replies
I’m currently working on trying to pay down/off some of my existing mortgages as opposed to just continuing to leverage more debt.
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23 April 2024 | 2 replies
@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario