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Can you use your previous rental payments to pay towrad a down payment on a mortgage?
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
What else can I help you with?
Should rental income cover the mortgage payment for a rental property?
Ideally, rental income should cover the mortgage payment for a rental property to ensure profitability and financial stability.
What are the benefits of investing in rental property?
Investing in rental property can provide a steady source of income through rental payments, potential tax advantages, property appreciation over time, and the opportunity to build equity through mortgage payments.
How much over the mortgage should the rent be for a rental property?
Ideally, the rent for a rental property should be at least 1.2 to 1.3 times the mortgage payment to cover expenses and generate profit for the property owner.
What is the average cost to buy a rental property and what is the average mortgage payment associated with owning a rental property?
The average cost to buy a rental property can vary widely depending on location, size, and condition, but it typically ranges from 100,000 to 500,000. The average mortgage payment associated with owning a rental property is around 1,000 to 2,000 per month, depending on the loan amount and interest rate.
How much more than the mortgage should the rent be for a rental property?
The rent for a rental property should ideally be at least 1.2 to 1.3 times higher than the mortgage payment to cover expenses and generate profit for the property owner.
Should rental income cover the mortgage payment for a rental property?
Ideally, rental income should cover the mortgage payment for a rental property to ensure profitability and financial stability.
What are the benefits of investing in rental property?
Investing in rental property can provide a steady source of income through rental payments, potential tax advantages, property appreciation over time, and the opportunity to build equity through mortgage payments.
How much over the mortgage should the rent be for a rental property?
Ideally, the rent for a rental property should be at least 1.2 to 1.3 times the mortgage payment to cover expenses and generate profit for the property owner.
Can a landlord break a rental lease agreement early because he did not pay the mortgage payments on the house and mortgage company is going to foreclose?
Depends on the local and state laws.
What is the average cost to buy a rental property and what is the average mortgage payment associated with owning a rental property?
The average cost to buy a rental property can vary widely depending on location, size, and condition, but it typically ranges from 100,000 to 500,000. The average mortgage payment associated with owning a rental property is around 1,000 to 2,000 per month, depending on the loan amount and interest rate.
Are executory costs included in aggregate lease payments?
No we will not incurred executorycosts in aggregate lease paymentsMinimum Lease payments : Minimum rental payments + guaranteedresidual value + penaltyfor not renewing or extending lease + bargainpurchase optionMinimum rental payments: Regular payment to lessor, exc'lexecutorycosts (ie.insurance,maintenance, tax).
How much more than the mortgage should the rent be for a rental property?
The rent for a rental property should ideally be at least 1.2 to 1.3 times higher than the mortgage payment to cover expenses and generate profit for the property owner.
How much more should rent be than mortgage in order to ensure a profitable rental property investment?
Rent should ideally be at least 1.2 to 1.3 times higher than the mortgage payment to ensure a profitable rental property investment.
Can you get approved for a new mortgage if you have an existing home which is being rented out?
Yes, you can. You add the rent to your income and add the payment to your monthly bills. The difference is called "positive cash flow" and it's ideally what you want to have or you will be losing money as a landlord. Owning rental property and making the payments on time with positive cash flow is a good thing when trying to get a mortgage, HOWEVER if you are getting a mortgage for more rental property, expect to pay a higher interest rate. The key is to finance it as your primary residence and live there for a while before converting it to rental property.
Rent Your Home Before You Buy It?
If you select a Rent To Own house, you can be sure that the rental payments each month will be less than mortgage payments. This can help to lower your housing costs if your budget is getting tight. This will also lower your eventual mortgage payments. After you are done renting and you decide that you do want to buy the house, your rental payments will be deducted from the total cost. This is a good way to make it so that you can afford a better home than you could afford right now, and you can live there the entire time.
Do mortgage lenders consider rental history?
yes mortgage lenders do consider rental history source of your credit score
What is the policy on buy here pay here?
The transaction itself consists of a down payment plus monthly rental payments which are often due on a weekly basis. Rental contracts can range from 12 to 24 months and sometimes longer depending on the vehicle in question. At the end of the rental contract, when all car payments have been made as agreed, the renter becomes the new owner of the vehicle.
