I have been making the loan payment plus the next months principal payment in order to cut the 30 year loan down to 15. Can I make 2 months principal payments and cut it down to 10 years? Thanks.
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
I am working on putting together a balloon mortgage with a 6-month graduated repayment schedule to permit stabilization of the asset (a storage facility). How do the first six payments affect the the monthly payment a...
Curious on the general tenant application process for residential properties? Do you use software? If so, which ones? Do you require a background check? Do you require a credit check? If a prospective client wants to ...
I'm in the process of combining 5 of my investment properties (currently individually mortgaged) into a portfolio loan. Is the interest paid on this new portfolio loan deductible just the same as the mortgage interes...
Hey BP peeps,
Newbie here, in discussions for my first Seller Financing deal!
Apologies in advance if there is a forum post similar to this, but I couldn't find one with a checklist-style format. As such, I am aski...
HelloI am interested in leasing my single family residence out to then buy a triplex or fourplex. I would like to know if FHA will accept a lease on my SFR as not to count that mortgage in my debt to income ratio or ...
The Fed increased its benchmark federal-funds rate again this Wednesday which will now range in the 5-5.25% representing a 16-year high. Some economists are claiming that this raise was already priced into current mo...
Hi-
New to the site but been lurking around for a couple of years. Looking to finally make a move! I was seeing if there was an amortization schedule that recalculates prepayments and shows the delta between if it wa...
My wife are I are looking into purchasing our first short term rental to use as a vacation home and rent out when we're not there. We are also looking to move into a new primary residence sometime in the near future ...