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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.
Can you combine two properties in one mortgage?
Yes, in some instances two properties can be covered by one mortgage. It is called a blanket mortgage.
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 are the key differences between equity REITs and mortgage REITs in terms of their investment strategies and potential returns?
Equity REITs primarily invest in properties and generate income through rental payments and property appreciation, while mortgage REITs invest in real estate debt by providing loans or buying mortgage-backed securities. Equity REITs tend to offer higher potential returns through property appreciation and rental income, while mortgage REITs typically provide higher dividend yields but with more interest rate risk.
Can you claim mortgage interest on income taxes on your NY home and live in Florida?
On your federal income taxes, you are allowed to claim a mortgage interest deduction for your principal residence and one other residence of your choice. It does not have to be in the same state. In addition, you are allowed to claim the interest on all rental or business properties.
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.
Do mortgage lenders consider rental history?
yes mortgage lenders do consider rental history source of your credit score
Where can I learn more about mortgage relief?
Please go to www.mortgagereliefonline.com. There you will be able to learn more about mortgage relief and how you can get help.
Where can I learn about mortgage relief?
There is actually a website that you can go to, to learn more about mortgage relief. It is www.mortgagereliefonline.com, there you will learn everything you need to know
Where can I find information on mortgage debt relief?
Mortgage debt relief is an incredibly hot topic the world over. Generally, one should look into a credit repair type company for assistance in any type of debt relief, including a mortgage debt.
Can the same 2nd mortgage be recorded on two properties?
Yes, A mortgage can cover multiple properties.
Can you combine two properties in one mortgage?
Yes, in some instances two properties can be covered by one mortgage. It is called a blanket mortgage.
Can you make money off advertising rental properties?
You can make money from advertising rental properties if the owner of the properties is willing to pay you.
Can I sell one of my rental properties and roll over the equity into one of my other rental properties of greater value to buy down the mortage on the second rental that I keep but already have a mortage on?
No, you can't facilitate an exchange for property you already own. Yes, you can accomplish this. Take the proceeds from the sale of property one and pay them towards property two. You may want to ask for a mortgage readjustment for property two.
When applying for a mortgage how much credit towards your income do you get for rental income?
Some lenders used to give you credit for 75% of your rental income to show as income on your application. The secondary market has been getting more stringent in the past year with giving credit for income. The lender/underwriter will need to see your complete federal tax return and analyze Schedule E on your rental properties to determine the amount of income actually derived from the rental properties.
Remodeling rental properties?
I would like to do a remodel contract on my summer home. Is this a problem for most rental properties?
How can struggling homeowners receive mortgage relief?
There are various programs out to assist you with mortgage relief. Some of the programs include HUD and also a website you could go to called www.mortgagerelief.com.
