Ralph Ace
Down payment with Heloc
6 January 2025 | 2 replies
Hello Ralph,Yes you can used a HELOC from another property as a down payment for a new one, then get traditional financing on the remaining 100K.
Tom Hall
is it a good idea to pay of my mortgage fast?
6 January 2025 | 28 replies
any advice on paying mortgage off or faster With a standard mortgage, your monthly payment will remain the same for the life of the loan.
Nicholas Dillon
Taking additional cash from a 1031 exhange
7 January 2025 | 3 replies
The boot amount is taxed as capital gains and may also trigger depreciation recapture.For example, if you sell a property for $500,000 with a $300,000 basis, resulting in $200,000 of gain, but reinvest only $400,000, the remaining $100,000 is taxable.
Mitchell Rosenberg
Tips for Finding Affordable Properties with High Rent Potential?
9 January 2025 | 8 replies
I think what you're really asking is how to identify good value areas where rents may be trending upward but the prices still remain relatively lower.An important metric is tenant household income to rent ratio.
Craig M
wrap mortgage - how would you structure this?
19 January 2025 | 10 replies
started the interest rate at 8.5% and wrote in the contract that their interest rate will change anytime my bank loan's changes (every 5 years) and will always remain 2.5 interest points above...for what it's worth...i have another under contract that hopefully will close soon..i'd be interested in hearing about this wally wrap as well bryan...what was that?
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
They shall go to Inspira and remain there (especially with the transfer of the pricing structure) unless Inspira gives me reason to move them.
Steve Mitrano
Flagstar Bank & LLC Transfer
12 January 2025 | 8 replies
Again, as with the question regarding the lender mentioned above, its best to ask your Title company if the insurance coverage remains intact if the asset is transferred.
Josh Otero
What’s the hardest part of being a property owner?
18 January 2025 | 18 replies
Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.
Audrey Sommer
How to Calculate 5-Year Rent Growth
31 December 2024 | 3 replies
.- If interest rates remain high, this is further upward pressure on rents in the near-term, as the alternative to renting - buying a home with a mortgage, is expensive - this should increase demand for rentals. - Rents are also a function of supply - 2024 saw the most new construction of multifamily units in American history (nearly 575,000 estimated 2024 deliveries of new multifamily inventory), and 2025, while not a record setting year, will see deliveries top 500,000 again - a huge supply increase.
Diane Tycangco
Loan on Property 1 for Downpayment on Property 2
1 January 2025 | 4 replies
If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?