I've debating in my mind if I should consider the mortgage payment in my expenses when determining profitability. Only the interest is truly an expense but a mortgage payment certainly impacts cash flow. How do you de...
Hey all,I was reading Millionaire Real Estate Investor, and stumbled onto a story of a couple who aggressively paid off their properties. They would buy a single property at a time, use a 30 year loan, and pay it off ...
Hey BP team,
So I am brand new to the site and to real estate investing. I recently bought a triplex and now I am hooked after seeing the power of real estate. The property brings in 2000 and the mortgage is 1143 (5...
So I bought this property from someone who had it under contract with a private money lender so then I continued the payments to him. I sent the guy the mortgage every month and last month was the final payment. We us...
I have two mortgages with Wells Fargo - one personal residence and one rental property. I can afford to keep making both payments for the foreseeable future. Does taking them up on the 3-month payment suspension make ...
Hi! I'm wondering if credit card payments I make monthly to credit cards in my parents name (read I am not an authorized user, so these don't show up on my credit reports) would count towards my DTI formula when I ap...
I am refinancing my mortgage and we are going to close sometime next week. My lender said I shouldn't make my payment on my old mortgage for February because they will pay them off. They also said that there is a 15...
Hi everyone,we are not sure what do, we have about $7000 in cash from our rental cabin this summer. We hope to buy a 2nd property in the next 6-8 month. My questions is what is best to keep it on the bank account or d...
I ran a hypothetical mortgage payment on a calculator and found that when making double payments (one normal and one principle only) on a 30 yr mortgage you pay less in interest then single payments on a 15 yr. I hea...
I am currently about to rent my home that is under a FHA mortgage. I have lived in the home for over a year as my primary residence. My monthly note is $1,238.00 a month and It will rent for $1,675 a month. I only pla...