I was just analyzing a multi-unit property and came across 'Principal Recapture' under the income (net) section. Can someone explain exactly what this is?
Got a call today from a lady as a result of a yellow letter. When talking to her she mentioned she has little to no equity. But then when I asked what she owed she pulled out her mortgage statement and tells me that i...
Noticed that the principal portion of my mortgage payment went DOWN from Feb to Mar. Looked back over the last year and it kind of jumps around, not always continuously increasing. Called the bank, they said it was ...
I'm sure this has been talked about many of times already. It's about the first time home buyers $8000 tax credit.
I just closed on my house last month & really want that $8000 but I bought a small condo back in...
Hi everyone, I am a veteran and would love to use my VA Loan to buy a multi-tenant dwelling unit in Texas, keeping one of the units as my own for when I am in town and renting the other ones out. I currently rent my p...
I recently purchased my first investment property in Florida and now i'm trying to form a Florida LLC. I live in NJ and don't have a Florida address but LLC formation documents require a physical Florida address as th...
Question?? I’m a brand new investor and I was wondering if it’s best to use cash flow from a rental property to pay towards principal on that loan or save it for other reasons?
seeking midwest investments in value add multi family or retail.Also commercial corners for redevelopment.will gladly pay brokers if seller is not.Quick response time and closing
I have been seeing a lot of posts where the word principal is mis-spelled as principle. I would normally ignore spelling mistakes but wanted to post this because this is an important word in REI and would affect othe...
Question to the group my partner and I owe several houses in a portfolio and wanting to sell them in a perfect world it would be nice to sell all at the same time not probably not going to happen, we have a offer on o...