Posts Tagged 'Mortgage Acceleration Program'

Check Out Our Latest Rental Property – Another Buy, Fix, and Rent

Posted on: June 23, 2010

Categories: Buy, Fix

Author: buyfixandprofit

Check Out Our Latest Rental Property – Another Buy, Fix, and Rent

Nothing Fancy – Just Another REO Purchase

This home was a standard REO home listed for $55,000.  We originally offered $35K and came to a final compromise of $38K with the bank.  Once again, our offer was accepted over other higher offers solely on the basis that ours was a non-contingent cash offer.

This is the 10th property added to our rental portfolio all of which are in the same neighborhood.  This property was purchased with all cash in order to keep things simple and provide leverage for our offer.  Based on the 50% LTV after repairs on this property and the large equity positions in our other properties, our commercial lender allowed us to cash-out 100% of the purchase price and and provided us 100% of the repair funds for our latest project.  So at the end of the… Read the rest

What do you think? [ 2 Comments » ]

How to Pay Off your Rental Property Mortgage Early

Posted on: September 15, 2009

Categories: Investors, Procedures, Profit, Reviews, Things To Consider

Author: buyfixandprofit

Put that Positive Cash Flow to Good Use

In the years leading up to the real estate debacle which began in May of 2007, many real estate gurus were touting that even if a property barely breaks even on a monthly cash flow basis, it’s still a good deal because of skyrocketing home values.  The option arm mortgages were also marketed on this same premise, that home values will never go down.  That game is over.  The easy money loan programs are gone and interest rates will most likely rise in the future.  This will keep prices in check and property values will appreciate very slowly over the next 5-7 years.  This makes cash flow king once again; speculation is dead. Fortunately for rehabbers and investors alike, positive cash flow has never been easier to obtain given… Read the rest

Related Posts Plugin for WordPress, Blogger...

What do you think? [ No Comments » ]