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13 May 2021 | 2 replies
It also gives them some lowered debt risk.
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13 May 2021 | 15 replies
These are so called agency loans made by Freddie Mac and Fannie Mae and are generally only available on loan amounts above $1,000,000.We are closing a 43 unit acquisition with a Freddie loan today with a sub 4% rate and one year interest only.Agency debt is not easy to get - one must have prior agency debt experience to get an agency loan - not to mention high net worth and lots of liquidity.One might logically ask about this seeming Catch 22 - if you need agency debt experience to get an agency loan, how does one get agency debt with no agency debt experience?
14 May 2021 | 2 replies
Get rid of debt, build a budget, and save.
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13 May 2021 | 1 reply
You would be taking on the responsibility for the debt and be keeping the same interest rate.
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17 May 2021 | 11 replies
My debt income was close to 50% and they still refinanced 6 of my investment properties in 2 months without issue.
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14 May 2021 | 1 reply
We finance directly and hold the debt.
13 May 2021 | 2 replies
Just wanting to get a logistics perspective on this process because managing the debts and cash involved is obviously important.
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13 May 2021 | 2 replies
Try to solve their problem for them by taking over their debt, taking over their payments, give them some cash to move, and allow them time to move in a reasonable time frame. 11.
13 May 2021 | 1 reply
My only other debt is 250/month for health bills with 2.5 years remaining, retirement accounts (pre-tax 401k, after-tax 401k, back door Roth IRA) as well as start increasing contributions to taxable brokerage accounts (goal in medium-term is to significantly increase this).
15 May 2021 | 6 replies
My only other debt is 250/month for health bills with 2.5 years remaining, retirement accounts (pre-tax 401k, after-tax 401k, back door Roth IRA) as well as start increasing contributions to taxable brokerage accounts (goal in medium-term is to significantly increase this).