Not going to lie, the amount of interest paid over the life of a typical mortgage is insane to me. I'm guessing I can't be the only one...
How do people find comfort in knowing the interest payments, over time, could...
Hello everyone! Recently, I stumbled across BP while googling "save cash for future down payment or pay down current mortgage?" While searching for an answer to my conundrum above, I started to learn simple vocabula...
Im currently in the process of buying a 4 unit house with a heloc on my personally house. The heloc is a fixed rate however interest only for the first 5 years unless I choose to make additional principal payments. If...
Hey, BP community,So I have hit a bit of a stalemate with my investing career. I missed out on one great opportunity because I didn't have the lending set up. The lending wasn't set up because to apply for a conventio...
I'm in the position where I will soon either buy another rental property, resulting in $500/month cash flow, or pay off the balance of a second mortgage which would also result in $500/month additional cash flow. Both...
Hey Guys,I was closing on my first multi-family in PA the other day and the lender had me sign a confession of judgement tied to the loan. It was the first I ever heard of it and after closing I researched it. After r...
My wife and I have a Town Home that was a primary residence that we decided to rent out last year. We purchased the property in September 2017 for $123k with 20% down and Realtor estimates its current value at $146.5k...
Hi everyone,I have been owner occupying a duplex (renting out one full unit plus spare bedrooms) in Dover, NH since 2016, get rents totally $3440 monthly, seen great appreciation on the property value, and want to ope...
What’s up everyone. Looking for advice from those who have utilized credit cards for rehabs. I just closed on a two-family with a 203k loan— the banks money should cover a majority if not all of the first unit rehab a...
A friend recently introduced me to this "debt shredder" product, which they claim will do things like automatically structure your debt repayments (such as a mortgage) in such a way as to decrease total interest you e...