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14 March 2024 | 3 replies
Hi,i have a duplex property in south LA.purchased it for 275k now worth about 750k and I owe 525k in loan due to cashout refi that I used it for a downpayment for my other investment property.Due to this cashout I'm negative cashflow.
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14 March 2024 | 6 replies
You pay a bank interest, if you can do something BETTER with the loan proceeds than letting it sit in the property as equity and can generate a return greater than the interest paid.
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14 March 2024 | 2 replies
My question is if anyone has any referrals on lending for the remaining loan amount necessary.
13 March 2024 | 70 replies
The bank can call the loan due (due on sale cause).2.
14 March 2024 | 13 replies
Lending to a flipper is much riskier and carries a much higher risk premium than owner-occupied loans, which currently carry a National Average according to unbiased publication Mortgage News Daily, of 7.13%.
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14 March 2024 | 18 replies
Hi Lewis, no better way to build wealth by utilizing the loans available to you especially VA loans.
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14 March 2024 | 3 replies
With this mortgage, her monthly debt payments are almost as much as her income (I'm honestly not sure how she was even approved for the loan).
14 March 2024 | 3 replies
There are several key differences and considerations to keep in mind when investing in a larger building.First and foremost, financing a larger apartment building will likely require a commercial loan, as opposed to a residential mortgage.
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14 March 2024 | 5 replies
Just a thought, is an equity loan or equity line of credit an option on either of these?
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14 March 2024 | 6 replies
It may prevent them from qualifying for another rental, a home loan, car loan, credit card, etc.