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We're looking to purchase our first rental (investor couple mid 40's, early 50's respectively). We plan on borrowing about 60,000-70,000. Is it better to do a 30 year mortgage with approx. 200+ cash-flow margin or a 1...
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im new to rental property investment.. we own our home with approx. 65,000 in equity and would like to use some of it to buy our first rental property here in the states ( we have on STR in Dominican Republic). How do...
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
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I recently purchased a duplex for $450,000 with 20% down. However I pulled $50,000 out of a 401k loan with a 10.5% interest rate to be part of the $90,000 down payment. The 10.5% interest on the 401k loan is likely hi...
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I have mentioned this deal before: Neighbor needs cash flow, her home is paid for but a reverse mortgage for her small home doesn't give her enough income nor is it worth while with all of the expenses related to doin...
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I've read a lot about refinancing and how it is a good thing. I have a few thoughts that for me feel like refinancing may not be the best thing.My primary residence I owe about $309,000 and it is currently worth about...
Wouldn’t it be nice if your home paid for itself? Every month, you throw a substantial sum of money towards your rent or mortgage payment, but what if you could live mortgage-free? With ADU investments, it’s more than...
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Hey all, trying to decide between these two options. Anyone have any advice?
The interest rate for cash out is 3.875% Principal and interest payment $1,833.92 loan amount $390,000 cash out to you approximately $40,...
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Can someone break down what the purchase price of a home is?A) If a house cost 325000 and I go get a loan from the back for that much, is that the purchase price? B) Is the purchase price the cost of the home after th...
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Should I pay my mortgage every 2 weeks instead of every month? Will my slight decrease of cash flow be worth it? Thanks!