Owner Financed Sale
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Are the trigger terms worksheet in his Creative Cashflow group?
Owner | Founder JMS Estate Solutions, LLC
903-207-4688 EXT: 402
“Conquer the enemy within, and the enemy outside shall cause no harm” - Les Brown
14785 Preston Rd Ste 550, Dallas, TX 75254 USA
MIP / PMI ? is there a video on this?
I want to say in an earlier video of this course he speak about it very quickly so if you watch with subtitles because he is a fast speaker you may catch what he means. If I remember correctly MIP is Mortgage Insurance Policy/Protection but I want to say it is Policy, and that PMI is Private Mortgage Insurance. MIP is issued by the mortgage you get traditionally and the PMI is the insurance us as investors would be charging them with their monthly payments to make sure the house and our investment is protected. Hope this made sense!
Well just started the video and saw I made a mistake for the names. My bad. Either way you can find the information on their paperwork for the mortgage for the Mortgage Insurance Premium/ Private Mortgage Insurance. Also I may have been wrong about the PMI being something that we use. I'll go back and research it again but just in case; but again yes in an earlier video he does tell you how to factor in the numbers to make sure you make the money you could potentially be losing.