Good Morning Everyone,
I currently have 3 mortgages and I am wondering if I should payoff one first or get a fourth one. I wish to increase my rental properties portfolio. I occupy one and two are rentals.
#1- Mortg...
I think I know the answer to this, but if I want to reduce my passive income, is paying down the mortgage via extra principal payments reduce my passive taxable income or is it viewed basically as profit? (this is in...
Hey everyone ive been hearing about and researching VELOCITY BANKING alot lately. Seems too good to be true. Any of you experts have experience in this field and can confirm or deny? Thanks everyone!Nick
Hello all,
I am trying to decide if I should jump on the historically low rates currently and refinance my SFH rental. I put financing on it last year (15-year fixed) at a 4.375% interest rate. The rate I currently...
Hey there! Just wanted to get some opinions on what you guys think about refinancing my duplex.ARV 250,000$Mortgage Balance 201,000$Currently have 30 year loan w/ 4.25% I’m seriously considering to refinance to a 20 y...
Currently own investment wise a duplex and a SFH, thinking about paying extra on one of the loans to pay it down faster. Curious which others would go after first? I’m thinking the SFH as that would likely appreciate ...
Hey everybody, I just had a crazy thought and I was wondering if anyone has tried it. That is, since most people get paid on a bi-weekly basis, has anyone ever tried offering rent payments being due on the sa...
Can someone explain how escrow works? This is all new to me. Let’s say it’s a situation where your principal & interest payment is 200$ per month. Property taxes are 90$ & your insurance is 600$ for the year (...