Sergio Moratto
A FIRST TIME TO BUY A PROPERTY....$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
27 June 2021 | 4 replies
Increase the amount of your payments and make sure the increase is applied to the principal.
Joe Latson
What is Capital Structure? Why does it matter?
2 July 2021 | 5 replies
So, if you are in a stage where you have hit your growth goal and just want to kick back (no such thing as an owner IMO, LOL) and cash flow, it could totally make sense to start refinancing out of your acquisition loans (remaining principal, no or very little cash out) and benefit from the increased cash flow as a result of a lower interest rate loan at a lower LTV than when you purchased the property.
Juan Murillo
Should I refinance first property to finance my 2nd?
26 June 2021 | 0 replies
I’ve also thought about just pulling my initial down payment and whatever I pay towards the principal and partnering that with what I save for my second property.
John Bradley
Hiring a Bookkeeper or buying quickbooks?
1 July 2021 | 13 replies
Track rent and other income for each apartment and categorize your expenses (e.g. insurance, taxes, utilities, mortgage (principal and interest), maintenance (labor and materials), capex, etc.).
Gilbert Nyantakyi
Neighbor wants to sue me because my property is encroaching on hi
29 June 2021 | 26 replies
Should I pay make additional payments towards the principal knowing that I may be tied up in court because of this litigation so I won't be able to refinance?
Chris Seveney
CFPB Ruling - Updated
29 June 2021 | 2 replies
Combine the arrears, call it "deferred principal", and make it non interest bearing and due at the end of the loan.
Andrew S.
FHA loan and condo purchase
29 June 2021 | 2 replies
As far as the building goes, there are rules surrounding how many units are owner occupied, how many units are owned by only one individual/principal, insurance and cash reserve minimums, etc.
Michael Salamone
How to eliminate PMI
5 July 2021 | 7 replies
Let's assume your average Principal payment applied is around $400 and you've had the property to about 2 years, so your rate may have been 3-3.5%...
Ben Sylvester
Recent College Grad Looking for First HouseHack (Southern NH)
17 July 2021 | 8 replies
I was able to get a five percent conventional loan through New Hampshire housing and after adding some sweat equity to the rental unit, the rent now covers more than the full principal and interest on the mortgage.
Paul Lee
Calculating DTI for owner-occupied multi-family properties?
20 June 2022 | 1 reply
The worksheets are:Rental Income Worksheet – Principal Residence, 2– to 4–unit Property (Form 1037),Rental Income Worksheet – Individual Rental Income from Investment Property(s) (up to 4 properties) (Form 1038),Rental Income Worksheet – Individual Rental Income from Investment Property(s) (up to 10 properties) (Form 1038A), andRental Income Worksheet – Business Rental Income from Investment Property(s) (Form 1039).https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-3-Income-Assessment/Section-B3-3-1-Employment-and-Other-Sources-of-Income/1032995141/B3-3-1-08-Rental-Income-06-03-2020.htm