It's a package deal at that price. If it's less then all 4 the price goes up per.
It's a package deal at that price. If it's less then all 4 the price goes up per.
Thanks, yes.
THough over the past 18 months I have divested all of my preexisting business to three younger, well-equipped operators.
In the meantime, I have built an advertising and leads business that sends them new business, along with three different tree service operators, a pressure washing operator, a fertilizer/pest control operator and starting this next month a fencing operator and a paver firm.
My income is close to double what it was 18 months ago and I no longer physically work on service jobs. A welcome change at age 55
THough over the past 18 months I have divested all of my preexisting business to three younger, well-equipped operators.
In the meantime, I have built an advertising and leads business that sends them new business, along with three different tree service operators, a pressure washing operator, a fertilizer/pest control operator and starting this next month a fencing operator and a paver firm.
My income is close to double what it was 18 months ago and I no longer physically work on service jobs. A welcome change at age 55
.
So you think financing a 4 unit home equals having 4 mortgages. Not trying to be rude but you aren't knowledgeable enough in this subject to tell me I'm wrong.
If you're a $20m client and you want 100% financing on an investment home it may outside of guidelines but the lender will make it work.
I strongly agree with this post.
Any legitimate way you can create a positive net cash flow of even $500-800 a month contributes to a relentless compounding of positive net worth.
Many people (usually non-investors) might sniff at such a number, but if you push for much more than that from any one income stream, competing investors can undercut your project(s).
Assemble a group of say - 20 - income streams paying $800 a month (less than $200 a week) and you of course are enjoying a net income stream of $16k monthly.
Great, glad it works for *you*, but you said:
The problem with your statement, is that people have different risk tolerances, and financial needs depending on their stages in life. To lump *everyone* in
the same bucket like this, is just ignorance.
Any monies that you are investing at higher rates than mortgage rates have inherently higher risks associated with them. Yeah, I can max out my credit
on all my real estate holdings (which are substantial), but I'm financially set, and am going to easily meet the goals I have in life, so I have no need
to take on any more risk than I need to. And, I really like the idea of being 100% out of debt.
For the most part your dti needs to be 43% or less. In some cases can go you up to 50%. Since the loan is over conforming limits it's at the discretion of the lender but 50% is the most federal regulations allow and most still won't want to go over 43%.
income/(p&i+hoi+taxes+hoi+cc debt+auto debt+whatever liabilities you have)
Are you talking after the loan or before the loan.
I have no idea. Maybe he just wants to move on .
Nevermind
I read some of this and find it pretty alarming that people are calling someone stupid for having their house paid off.
I think real estate investing is great but everyone borrowing up to their eye balls and then the market crashing like it recently did where then everyone walked away from their investment or even their primary residence is not a situation I hope our economy gets into again.
I think real estate investing is great but everyone borrowing up to their eye balls and then the market crashing like it recently did where then everyone walked away from their investment or even their primary residence is not a situation I hope our economy gets into again.
