Why Are You Talking About Private Mortgage Insurance to Real Estate Investors?
Below is the almost 2-hour recording of The Ultimate Guide to Private Mortgage Insurance.
Since most real estate investors are putting 20% or more down to buy rental properties, why would I even bother talking about Private Mortgage Insurance (PMI)?
Well, for several reasons:
Some investors are buying properties with owner-occupant financing—moving into the properties and fulfilling the obligation to live in the property for a year—then converting them to rentals? If you have one 20% down payment, you could acquire 4 rental properties (5% down each) by utilizing the Nomad™ strategy this way.
Some real estate investors are choosing to put 15% down—and paying PMI—to acquire properties with less down.
Some real estate investors are taking over existing owner-occupant financing by buying properties creatively (like wrap financing, subject to, lease-option, etc).
So, for those reasons you probably should understand private mortgage insurance as a real estate investor.
The video is available to paying substack subscribers below or on the coaching platform for coaching clients.