Hey guys I’m new to Investing, just started escrow on my 1st property. 2 houses on 1 lot. I plan on house hacking. I watched a video where this guy was explaining how to pay off your mortgage in 5-7 years. He explaine...
I have been making the loan payment plus the next months principal payment in order to cut the 30 year loan down to 15. Can I make 2 months principal payments and cut it down to 10 years? Thanks.
Hello! Thanks for reading this and for the help. For all you short term rental owners out there, when you are calculating your return (cash on cash) are you including principal as an expense, income, or deferred until...
i don't see any chatter on here about the benefits about principal paydown.
if someone's had a house for a while & the principal applied is $300, $400, $500 per month that IS increasing your net worth ASSUMING th...
I have two investors who started a development right before the bubble popped.
Rather than cutting their losses they decided to double down and finish the development.
They are now upside down big time. Been slo...
Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis. It's factored into the cash-on-cash return and increases it so it makes the returns look much better and the p...
Hi All,I am looking at platforms like Crowdstreet in order to expand my RE portfolio. I currently own a 4plex and a SFH, and since deals in my area are not what they used to be (i am very numbers driven and discipline...
Sorry if this is a double post, I don't think the one on my phone posted though.....So normally when buying a pre-foreclosure (or any house), one gets a payoff (which includes pro-rated interest, any fees, etc.) from ...
How does making an extra say $1000 towards mortgage principal affect the mortgage? For example if I pay an extra $1000 on the 15th, would that reduce the amount of interest I pay next month since my mortgage balance i...
How does making an extra say $1000 towards mortgage principal affect the mortgage? For example if I pay an extra $1000 on the 15th, would that reduce the amount of interest I pay next month since my mortgage balance i...