Should I enter my personal residence and my second home in Property Tracker?
Yes. If you intend to print out a Schedule of Real Estate Owned for your next loan application,
you'll need to include your personal residence and second home on the application. You can enter zero for the rent.
This is also a good way to see how your home compares to your rental properties as an investment.
How do I enter a second mortgage in Property Tracker?
To enter a second mortgage in Property Tracker, go to the Mortgage Data input page: 1) Click the Add button on the top of the page. 2) Click the radio button next to Second to indicate that you are entering data for a second mortgage. Then enter the ...
Local vs Long Distance Real Estate Investing
CW 1131 - Listener Question - Local vs Long Distance Real Estate Investing Jason takes a question from Mike who is a longtime Creating Wealth listener and income property investor in Phoenix regarding Mike's hesitation to invest in real estate ...
What is Private Mortgage Insurance (PMI)?
PMI stands for Private Mortgage Insurance. This is insurance to protect the lender when you have a small amount of equity in the property. PMI is typically charged when you put down less than 20% when buying a property. PMI can be removed when your ...
What apps does REAL ESTATE TOOLS provide for income property investors?
PROPERTY TRACKER - PropertyTracker.com is a web-based service that helps you evaluate potential properties before you buy and track the mortgage, income, and expenses for properties that you already own. The first 30-days are free and clients are ...
How do I document Closing Costs in Property Tracker?
The outputs from the "Closing Disclosure Sections B+C+E+H" and "Other Closing Costs and Fixup: Closing Disclosure Sections F+G+ Renovation costs" in the INPUT DATA > PROPERTY section of Property Tracker can be found in the EVALUATE > 1st YEAR ...