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Hello! I am currently trying to make some smart moves with my current home. My idea was to refinance my home for the current market value or under. My home was bought for 235,000$ and according to redfin the current m...
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Hi looking to getting my 1st property. I’m trying to understand how long should my loan term be I have been pre-approved for 30-yr loan but don’t really understand how it will make money. I know to make sure the rent ...
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After doing some calculations, I realize it behooves me to pay at an accelerated amount of the mortgage up front. Obviously, as mortgages go, the lender has you paying mostly interest up front and principle years down...
Ok so I would like expert opinions on the best mortgage options for rental/income producing properties. If I have a positive cash flow prop, is it wise to apply the positive cash to the mortgage principal? does that h...
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Hey everyone, in your experience, how much in costs do you expect to see in getting a brand new or fairly new place that doesn't require repairs? $2,000? $5,000? $7,500? I want to make sure I get enough money saved up...
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Do you think its a good time to buy with interest rates going down but housing prices being an all time high or wait for "something" to change?
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I'm extremely new to the idea of using my current home as a rental...but thought it might be a great idea. I've had it listed to sell because I am planning on moving 3 hours away. I've had numerous looks...but no bite...
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Cash reserve requirements just changed for conventional financing! 6 months PITI is required on subject property, always! If you have 1-4 financed properties than it is now 2% of all unpaid principle balances.If you h...
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Hi All,New to the game here. Really appreiate this community and everyone's never ending help.I have been living in my current home for 3 years. I am renting out starting June 24. Is it safe to assume that the loan in...
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And if so, what considerations should be made?I'm speaking with a seller who's father recently passed away, and the mother can no longer keep up the property. He's open to lease purchase, but is unsure how that might ...