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30 September 2024 | 0 replies
I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.
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2 October 2024 | 11 replies
Discussing a shorter PPP or reducing it through rate adjustments is possible.
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30 September 2024 | 5 replies
However, if your startup costs exceed $50,000, the $5,000 deduction is reduced dollar-for-dollar by the amount exceeding $50,000.
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1 October 2024 | 8 replies
Reduce expenses.
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30 September 2024 | 12 replies
I know the house needs alot of work, so I was hoping to make a rehab budget and then develop a rehab cost number which I will use to develop a bid to see if I can get the house at a reduced price since it needs work.
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1 October 2024 | 6 replies
Down PaymentTypical Down Payment: 10% is a common down payment for seller financing, though you can set this anywhere between 5% and 20%, depending on the buyer's creditworthiness and how much risk you want to take on.Advantages of a Higher Down Payment: The more a buyer puts down, the more equity they have in the property, which can reduce your risk of default.
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2 October 2024 | 15 replies
Hard money loans are loans based on (mostly) the value of the asset, eliminating or reducing the other criteria used for most mortgage loans of borrower credit, financial condition, and sometimes even cash flow of subject property.
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3 October 2024 | 26 replies
My mortgage is less than $1000 and I get $1500 in rent, when realistically I could get $1600+.If you can manage to put 5% down and get a traditional loan, your PMI and fees will be less than going the FHA route which will reduce your costs.I don't have a ton of properties, but this is what my experience has been.
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30 September 2024 | 5 replies
I am setting a loan in SC for 6 units that will be using the seller in 2nd. position-this greatly reduced the down payment for my client!
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29 September 2024 | 21 replies
Reduce Taxes through depreciation (If you don't meet the IRS definition of a real estate professional, it won't improve any W-2 income taxes)2.