Results for ‘Debt’ category

All about FHA loans, with Justin Brown, loan broker

[MK: You really, really can buy income properties with as little as 3.5% down through FHA loans. Interested? Read on.] We’ve spent so much time talking about FHA loans, I figured I’d bring in a pro. Meet Justin Brown of Nu Home Financial. Justin’s a loan broker who has recently done some very good work

Mortgages: Borrowing to save

With a mortgage, you borrow to save. Sounds weird, right? Let’s take a look. Do you know what actually happens with a mortgage payment? Sure, you send it off to the bank each month (or, more likely, it’s deducted from your bank account automatically). But do you know what’s really going on? The easiest way

Buying a single family home for investment purposes

Recently, I’ve had some people approach me about buying houses for investment purposes. The concept is simple: There are loads of people out there who either can’t or won’t buy a house right now. They choose to rent (hopefully from me!) instead. But there are lots of people trying to sell their houses… both individual

Why you should get pre-approved for a loan

Say you decided to sell your building and I offered to buy it. Say I offered you the following deal: I’ll buy your building for $1MM, but first I want you to guarantee you won’t sell it to anyone else for the next 45 days while I get the money together. You would be an

OK, I want to buy a building. What do I do first?

Call me. J/k. Sort of. The first thing you need to do is take stock of your current position. Here is what you need to get started: A decent credit score. FHA will loan down to a 580 score, but ideally you’d be north of 700. A stable work history. The ideal loan applicant would

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