All Forum Posts by: Will Thomas

Get greedy when others are fearful! Also important to think strategy. In the 2008 crisis rent actually went up because people backed out of their mortgages. While you may have lost some equity strong cash flow could easily keep you afloat while your stocks are tanking. If you dont plan on selling for 10 years does the headline of today really matter?

I am looking at purchasing my first rental property in North Carolina. I have enough money for and am pre approved on a traditional 20% down payment mortgage. I’ve made several offers but keep getting beat out by cash or above market offers. Is there any way I could borrow cash from my parents to make a cash offer on a property then finance it to pay them back? What kind of strategies are there and what tax implications might hit us? They have expressed interest in helping me I just don’t want to run into any problems come tax time.