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All Forum Posts by: Tom McCaffrey

Tom McCaffrey has started 2 posts and replied 4 times.

Starting Out

Post: Hard money purchase and refinance with conventional loans

Tom McCaffreyPosted
  • Posts 4
  • Votes 0

Wow. Great info George. Thank you!

0 Votes
Starting Out

Post: Hard money purchase and refinance with conventional loans

Tom McCaffreyPosted
  • Posts 4
  • Votes 0

I was interested in buying multiple single family homes from one seller that wants cash. If I do a hard money loan and later refinance those properties does it become cost prohibitive based on closing costs on the conventional loans?

0 Votes
Starting Out

Post: funds for a downpayment

Tom McCaffreyPosted
  • Posts 4
  • Votes 0

Thank you. I will keep learning!

0 Votes
Starting Out

Post: funds for a downpayment

Tom McCaffreyPosted
  • Posts 4
  • Votes 0

I am anxious to get into rental properties. I will have to wait another 5 years to deduct from my IRA without penalty. Since a hard money loan would require a high % of interest I was thinking of taking funds early from the IRA to get in the game now! Any thoughts? Thanks

0 Votes