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So my mom is closing in on her retirement and she's never owned a house before. My fear is that she'll have to work longer just to maintain her mortgage payments well after retirement. She planned on using money from ...
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Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...
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Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment...
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Hello. Can anyone explain how an assumable loan works? I want to help out my parents with their mortgage payments. Can I make a mortgage payment to the lender on their behalf without any consequences to me or them?...
I am a 29 year old new investor that has done a couple of live in flips and 1 pure flip. However, I was changing my strategy to long term buy and hold for more passive cash flow and I was about to go under contract o...
Pay off your mortgage or invest? If you’re on the path to FIRE, you’ve probably asked yourself this question. Without a mortgage payment, you could put thousands more in your pocket every month, and your FIRE number w...
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I asked AI should I pay Cash for 1 home then refi or buy 4 homes with 20% down on each home for 139000 3b ed 2 baths then im stuck a 4 home till i get another 20% down there answer was When deciding between paying cas...
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Hello, I am a newbie from LA california who is hoping to start a REI journey!I bought a Condo on 2016 which is now worth about 600k( Zillow estimate) and I have a principle balance of 316k. I got 1/7 ARM at 2.87% rat...
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Hello,I was wondering if everyone here can check my work. I am trying to figure out how leverage can magnify my returns by using various amounts of down payments: specifically $100,000 ( an all cash purchase), $50,000...
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Getting ready to start on my investing journey. Curious in the experience you folks have - do lenders consider future rental income in the DTI Ratio calculation? I am assuming they don’t (typical), but it seems like i...