Just getting started with rental property investing and I’m wondering if the cash flow generated above and beyond all expenses (PITI etc) is taxable as income in NJ. Numbers to illustrate the question: PITI is $3000/...
If I purchase a home of 100,000 and put 20% down on a 30 year fixed rate mortgage at 5% interest, then the loan amount is 80,000. If 5 years later, I want to sell the home and it is worth 120,000, and the loan balance...
Perhaps the most striking feature about the money made by homeowners from their house was how little of it was intentional. For many, their mortgage payment was simply a substitute for their monthly rent payment. But ...
Hey everyone ive been hearing about and researching VELOCITY BANKING alot lately. Seems too good to be true. Any of you experts have experience in this field and can confirm or deny? Thanks everyone!Nick
I was contacted by a lady who is in pre-foreclosure and is trying to avoid a foreclosure. She owes $90k on the loan, and the house is worth about $114k.
What would you do?
I'm looking for some suggestions.
Thank...
I would like for people with experience to explain the difference between these two, and give an example of when it's best to use one over the other when getting a loan. Thanks.
I'm so looking forward to having my house paid off. I'd like to explore whatever options there may be to have it done asap.I currently owe $37K, at 5.95% interest. This is the origianl loan I took out for my house. ...
I have a 2 BR townhouse with a detached studio garage apartment in Jupiter, FL. I bought for 350k and currently owe 250k (worth 375k now). I have rented the studio and lived in the main townhouse off and and on for th...
I'm pretty new to the rules and such of buying/selling notes, and I just had a question. You can go right onto fciexchange, and find NPNs that are being sold for huge discounts, sometimes under 5% of the principal owe...
I’m in the process of renting out my home (1st rental). I’m refinancing to pull equity out to put down on another house (to live in). When I refinance is it best to keep the new mortgage (rental house) in an escrow ...