I purchased a home in the Midwest (purchase price $45,000) with an ARV of $150-160k) repair cost will be around $42-46k. My initial strategy was brrrr but I have a 12 year fixed rate on purchase at 4% I owe around $32...
Does conventional loan lender allow you to withdraw money from personal line of credit or heloc as down payment of investment property ? or it has to be seasoned? Thanks
Lease with the option to purchase - OhioHome sales price - $220,000Term - 42 months$2,500 a month - $1,300 going toward the optionBulk Payment Structure -Non refundable option payments :$25,000.00 - Payment at signing...
My Wife and I currently have a primary residence, and potentially looking to purchase an investment property(SFD). I am wondering if I found a property and also a tenant that has signed a 1 year lease agreement, will...
If I can reduce my monthly payments by $200/month, would it make sense to refinance?
What’s up BP. So I have decided to take one of my properties and manage it myself. I have a PM for the rest of my properties. I have one applicant that meets all my screening criteria. Listed below Income 3x rent (3.7...
Check this out! I did a test and input this data into ChatGPT: What is the ROI and monthly cash flow on a property purchased for $135,000? - Property taxes and insurance costs are $101 per month- Down payment is 30% o...
I spoke with my aunt yesterday and she mentioned how she is all for the Biweekly Mortgage Payments because it really helped her save money. By paying the mortgage more frequently, she cut down the total interest owed...
Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular pay...
I am a complete REI newbie looking to gain some knowledge on the financing side of a potential first deal. I was looking for some advice on the following financing plan, plus have what I am sure will turn out to be a...