I would like to qualify for a new home loan. I spoke to 3 different home loan officers and they have given me different information each time. Here's my scenario.I bought my house in 2016 and started renting it out ...
I've read that when you pay above your normal mortgage payment each month, the extra amount is deducted directly from principal. Is this true, and do all lending institutions follow this?
Hello BP Folks,As the interest rates rise, we are all seeing downward pressure on cash flow. To address that, I am exploring additional income streams that will boost income for my properties. These are the specific i...
Fact.The US government is totally bankrupt, Social Security is running out of money, and that the Federal Reserve is rapidly engineering its own insolvency.How do we find value to soften the impact?How do we make bett...
Situation: In 2022 I sold an 8 unit complex and did a 1031 into another 8 unit complex and I wasn't able to fully use my 1031 funds. I knew it wasn't ideal for this to happen but I was only willing to purchase a prope...
Does anyone know of reasonable rental property insurance companies for south Louisiana? Since the last hurricanes, the insurance on my rentals has almost tripled which basically eliminated any cash flow on my propert...
I have a chance to rent out a large room for $2000 a month in my primary residence where I live (Key West prices). I am unemployed, my wife makes about $65,000 a year working, for our healthcare we are receiving Obama...
There is a mortgage payment strategy that says to pay half of the mortgage payment on the 1st/15th of the month and the 2nd half on the 15th/30th depending on the due date of the payment. This reduces the amount of i...
How does homestead exemptions work? From what I gather only your primary residents can qualify but I'm not sure on how or why to apply or if I even qualif... I'm new to real estate btw 👌
I am currently purchasing a 6 unit complex in the heart of Tempe near the ASU campus. 4 of the units are 2/1's with the other 2 being 1/1's I'm thinking on combining the 2, 1 bedrooms unit ( the are right next to each...