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It's OVER for the middle class in the US, this is devastating
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👨🏻‍💻 Sign Up for My Webinar: ----------------- How to Find a Lender That Will Work with Investors I’m a strong believer in the idiom, “where there’s a will, there’s a way.” I know that it’s harder right now to find banks willing to work with investors, but they do exist. Contact as many banks as possible, reach out to my friend Dan Kraus at Churchill Mortgage, and try a service like Rocket Mortgage. If all else fails, consider going the private money route by searching for lenders on LinkedIn.
What to Consider About Paying Down Mortgages Deciding on whether to pay off your loans is a personal decision. Some people love to have no debt. Personally, that’s not me. I don’t mind having mortgages on my rental properties. Here’s why: mortgage interest is a tax deduction so when you pay down your loans, you’re left with more taxable income.
However, there’s a way to do this strategically, especially if your plan is to finance more rental properties and to grow your portfolio. Check out my book on How to Pay Off Your Mortgage in 5 Years for specific strategies and things to consider.
The Best Way to Tap Into Equity on a Rental Property I’m a big fan of using a HELOC to tap into the equity on an investment property. The best place to start is by contacting local banks. As I mentioned earlier, it can be difficult right now to find lenders, but with enough tenacity it can be done!
Dan Kraus:
Rocket Mortgage:
How to Pay Off Your Mortgage in 5 Years: ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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By: Morris Invest Title: It''s OVER for the middle class in the US, this is devastating Sourced From: www.youtube.com/watch?v=WYMSEj51jos
