Hi all,There was a property i was hoping to perform a BRRRR strategy, but realized rent is not high enough to support mortgage on 75% LTV to yield enough positive cashflow after cashout refi. the cashflow is like $30...
I am considering putting an offer in on a duplex. The financials are as follows:Rent charged $1400 totalMortgage(land contract monthly payment) $300Taxes $109Insurance $72Mgt Co $120Utilities (landlord pays one side ...
Does anyone have experience with using a HELOC to invest? How are you running the numbers as you evaluate properties to factor in the HELOC payment?
Has anyone ever paid for membership in Good Deal Zone? Are they legitimate or scammers? Can't find much about them at all? Please advise. Thank you
A friend recently introduced me to this "debt shredder" product, which they claim will do things like automatically structure your debt repayments (such as a mortgage) in such a way as to decrease total interest you e...
I'm looking into taking out a HELOC for a future investment. I understand the HELOC fixed rate repayment (just like a mortgage). What I'm not sure I understand is the HELOC repayment process on a variable interest r...
I was wondering if anyone has ever done this? Meet with a Seller in foreclosure who is about 6 months behind on their payments. Assume he has adequate equity so that you will not need to try a short sale. Make a deal ...
I was just talking to lender who said they offer a loan for primary residences and secondary homes that requires no income or employment verification. All you need is a bank statement showing you have the down payment...
After a year of saving up money to buy my first mulit unit property to house hack I take the step to go to a mortgage firm for the second time to see if the amount I originally qualified for would go up any as I am pa...
What is the repayment time? The same as a mortgage?
Can you write off the payments?
Does the interest rate fluctuate or can you lock one in?