Listen "089. How to Navigate PMI Costs and Removal for Property Investors"
Episode Synopsis
Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appJoin Jeff and Ryan as they unpack the complexities of Private Mortgage Insurance (PMI) and offer valuable strategies for navigating the real estate market; this episode covers:- Understanding PMI: Benefits, costs, and removal guidelines.- How current market conditions create acquisition opportunities.- The role of experienced teams in successful real estate deals.- Key loan products for short-term rentals and second homes.- Importance of experience in securing loans and choosing financial services.Timestamps:00:00 Intro06:45 Navigating ten mortgages with Fannie Mae and Freddie Mac10:02 Gaining approval confidence through data analytics13:38 Why choosing quality over price matters16:07 FHA loans and long-term PMI17:53 Understanding PMI costs: 0.23-0.28% explained22:49 Removing PMI with a new appraisal26:04 Seizing more opportunities in a favorable rate environment27:55 How higher interest rates reduce buyer competition31:20 Success with a proven investment modelWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaInterested in working with me? Apply here:► http://taxstrategy365.com/applyLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.
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