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How Return on Investment Changes Based on Credit Score With PMI
Manage episode 426118968 series 3375592
Real Estate Financial Planner LLC and James Orr and James Orr에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Real Estate Financial Planner LLC and James Orr and James Orr 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
How Return on Investment Changes Based on Credit Score With PMI
Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can also be a factor in the cost of insurance on your properties.
But does it really make a significant difference?
In a word: yes.
Most people are surprised by just how much of an impact it has.
In this class, James will walk you through the impact of your credit score on your return on investment and how long it will take to achieve financial independence.
In this class, James discusses:
- Credit Score's Impact: PMI, Mortgage Interest Rate and Insurance
- Credit Scores Therefore Impact Cash Flow
- Cash Flow means dollars in cash each month, ROI from Cash Flow, Cash on Cash Return on Investment and Cap Rate
- Also impacts ROI from Debt Paydown
- Also impacts common measures of risk
- The numbers... how much cash flow are we talking about? ROI?
- How does this impact someone trying to achieve financial independence with rental properties?
- Plus much more...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Detroit real estate investor podcast? Book a free consultation to discuss.
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