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TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...
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My wife and I want to purchase her moms house and let her live there rent free. We would be purchasing it for her mortgage amount. We can’t assume the loan. What can we do to avoid the 8+ percent interest rates? Add o...
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Hi all,I've been running some numbers trying to understand long-term gains on residential real estate investments, and came across a scenario that I can't wrap my head around. If I take out a $331,500 mortgage at 4% o...
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I have a mortgage towards my primary residence. I have paid off around 20% of my loan, and my current interest rate is 4.5%. I have some cash enough to pay for a down payment on a condo (around 20%) and rent it out. I...
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Hello everyone i'm new to BP!!! I am planning to buy my 1st house in San Antonio, Texas once I get out of the military. My question is if I put a down payment on a house say 20% and it's not completely mine yet. Am I ...
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Hi Everyone,Hoping someone can break down in simple terms how Seller Financing and Subject to works. Thank you.
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1. Are mortgage rates based on the guarantors' credit score and/or the loan amount?
2. If the buyer increases the down payment on the property, does it decrease the mortgage interest rate?
3. What is the purpose of p...
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Has anyone tried to get mortgages for longer than 30 years? I am thinking if I could try to get a 40-50 year mortgage I could get more cash flow out of the properties in the short term. Are there any companies that wi...
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My wife and I are interested in starting to invest in real estate to create passive income for our retirement. We're both 58 but I have heard on many occasions that you're never to old! Anyway, we currently owe around...
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Hello BP.My personal house has been in forbearance since covid. In March of this year my mortgage company instructed me that forbearance would soon be ending and I had a few options.
Option 1. Pay off the entire mo...