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I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
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Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
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Ok so I grasp how whole life works.
But in order to use it correctly should I have a lump some ready to put in on first payment.
Example 50k policy 4% return 2k first payment required monthly after that is $35
So...
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Over the past six years of slowly growing my portfolio I have gotten to the point of my very lean F.I. number. We haven't spent a dime of our rental income since I started and have just reinvested to 13 LTR's and stil...
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My commercial division mortgage advisor at my credit union tells me that after the 5 year period on my balloon loan they will ask for new financials, and we can refinance my balloon loan with no refinancing fees atta...
I just wanted to hear the thoughts of more seasoned investors. I currently house hack a duplex that I bought 2 years ago. I want to add to my portfolio intelligently and patiently, making sure I don’t over leverage. S...
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Hi,
I am living in a duplex as the landlord with tenants (a couple) living in the unit below.
The mailman mistakenly delivered a letter from my tenant to me today. Sadly it is from the office of unemployment.
I liv...
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Hello everyone
By the way kudos to this website. I am new to this site and was blown away with the information available. I request if anyone can let me know what would be the best financing option to obtain ...
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After reading a post on hear about "Do you tell your friends you invest in RE", I remember a comment someone made to me concerning RE investing a few years back.
This person found out I purchased a home as a buy and ...
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Hello everyone,
Glad I stumbled upon the BiggerPockets community to level up my plan for financial freedom. I'm looking for those who have more experience to give your two-cents on what to keep in mind given my situa...