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Assume you have 10 SFHs with different purchase prices and all of them have different interest rates and monthly mortgage payments. If you are at a stage of consolidation and want to pay off the 10 SFHs as fast as you...
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Morning All.
Just want to get your opinion on this. Currently I have this rental, I'm trying to figure out should I either pay just the mortgage and save up, or pay more which I'm currently doing. My current...
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In a recent article, @Scott Trench discussed the advantages of a 30 year note over 15 year (or lower than 30 in general). While I agree with most of what's there, I'd like to discuss a case where to me at least, it se...
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So, I've posted on this since around May 2018 when I first started it and I wanted to give anyone who cares an update since 2019 was my first full year doing it. For those that aren't familiar with the strategy, the i...
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Hi BP community,I purchased a SFH in a Columbus, OH suburb. Got 2 tenants to rent the house for slightly above market.Their credit is awful, but their income is solid so I went with it. I allowed one dog in the lease ...
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I recently listed a rental and got an offer from someone to pay $250 more per month than what we listed for. I want to be ethical and legal, and haven’t found anything that states otherwise, but wanted to check with a...
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Obviously the shorter the mortgage, the higher the monthly payment and therefore the more difficult it is to cashflow. I know a lot people prefer to opt for the 15 year fixed mortgage rather than the 30 year fixed bec...
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HI All,I'm confused about something that I'm hoping you guys can help explain.I've heard that generally when you are buying a primary residence that the interest one only 1million dollars of your loan would be tax ded...
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I have three 30 year mortgages:My home: 4.125% with 450k owedInvestment Prop #1: 4.675% with 325k owedInvestment Prop #2: 5.25% with 309k owedI can start paying down principal but should I pay off my home or investmen...
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Hello,I have a 2 family property in New Jersey. I am renting out the basement illegally. Question - Will my insurance company cover me for any damages that happened to the property and is not related to the tenant in ...