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Updated about 2 months ago, 11/11/2024

User Stats

88
Posts
17
Votes

Getting Advice with buying Real Estate

Posted

I have been learning about Real Estate for the last 2.5 years. I have come so far (daily personal Finance sheet, opened a small business, bough a home, and utilized as many tax strategies as best I can), yet I still feel so far from my freedom. I really need help for anyone who is willing to lend me some advice.

This is a multi question post!

1) How can I borrow more money then what I have already been proposed? Currently I had borrowed 12.5k to consolidate credit card debt and I can borrow up to 23k.

2) Would it be wise to roll this into my home mortgage so I can get the tax break for the interest and allow for more borrowing power from a credit union?

3) Lastly what would happen if I applied for a construction loan application that pertained to Real Estate?

4) Would It be easier to borrow that money knowing that I am trying to provide affordable housing in the governments eyes?

I have seen a lot of videos of people are saying "Utilize debt as the power to take these leaps," so this is where I am ready to go if the deals make sense.

Thanks for anyones help

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