Be Free RE: Accelerate to Financial Independence through Real Estate

007 - Rules of Thumb for FINANCING AND REFINANCING


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FINANCING OPTIONS

  • Max of 4 properties on a residential conventional loan
  • 30 year is best for residential 
  • Commerical will be a 5 year adjustable rate 
  • REFINANCE RULES OF THUMB

    • We don't know any rules of thumb
    • Do an IRR calculation
    • Use NerdWallet's or Bankrate's Mortgage Breakeven calculators 
      • https://www.bankrate.com/calculators/mortgages/mortgage-refinance-break-even-calculator.aspx
      • Keep the psychological benefit of not having debt in mind
      • ...more
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        Be Free RE: Accelerate to Financial Independence through Real EstateBy John and Tony

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