All Forum Posts by: Mac Usher

@Ken Barrett great summary

@Stephanie Potter thank you.

I will check it out and update the post when I do.

@Ray Harrell thanks for mentioning that. I was hoping I could do an FHA loan for it.

Hi BP family, I want to ask a question........

I want to buy 8 units (2 Buildings) on the same property for 1 flat purchase price. Will I be able to house hack and get all the tax benefits taking this approach?

Thanks

@Ana Garcia. Use the land as the down payment value with the bank.

@Brandon Raeburn thanks. Sorry, I need to clarify better. I'm looking to use the land as collateral with a bank or credit union as a down payment to obtain the loan to purchase the commercial property.

Hi BP- I want to offer land that I own as collateral to purchase a piece of commercial property. What has been your experience in using this technique? Thanks

That's how I was viewing it also. The monthly cas flow at the end is the ultimate goal. Thanks again.

Thanks for the response Scott. the purchase price is $200k. We haven't worked out the full terms on financing yet. Each building has 4 units, so it's 2 Quads.