Hello all, Just starting out and I've read so many books and still haven't found the right path/advice. I have 25K cash and have been told several 'must do' with. 1) Immediately put in your saving account 2) Put it in...
Hi,I am trying to get my first investment property, and a couple of banks I spoke to are asking to see 6-12 months of reserves in my bank account to cover the mortgage.I am working on saving money towards a deposit, b...
I am 25 years old and, thanks to excelling at my commission-based job since graduating 3 years ago, I've been able to save at a pretty solid rate. I own and am house-hacking my primary residence in Chicago, and am pre...
Hello friends, I hope you are all healthy in these trying times.So I have a refi and I know a lot of this is subjective , but I am wondering what you would do in my shoes.Here are the factsAll in for 102,000Appraised ...
Here's what we're being offered by the mortgage broker we work with. Is this worthwhile to do?
- Our current payment will go down from $1287 to $1154 - so about $134 in cash flow savings.
- no closing costs. Our brok...
I have about $37,000 worth of debt between student loans and used car payments. My highest rate is 6.5% student loan (tax deductible) the lowest is the car loan at 3%. I want to break into RE investing with my bigge...
Hi Everyone,
So, I live in a location (Rockville, MD) mostly consisting of high-priced properties and find it difficult to consider SFHs for buy-and-hold purposes. My strategy of interest is with buy-and-hold of SFH...
Here is my biggest concern. Please assist me. I am planning on getting my first property but I do not have any money in general. I save cash but I see that $100 a week will take me to around 5000 a year. Which is real...
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...
Hello BP,So at the moment I have a small amount saved up for the first investment, which is only about $5k. what are some of my options to increase this in addition to saving from my full time job? should i try to ove...