Henry Farias
Got Land and want to use it as down payment.
15 January 2025 | 1 reply
But I purchased land in cash and leveraged it to build a new construction stick built home.
Clarissa Zimmermann
Forms of rent payment
14 January 2025 | 2 replies
We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo.
Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
I assume you currently have a residential mortgage that does not have a pre-payment penalty.
Audrey X.
Jerry M Feeney - e1031xchange.com, legit?
8 January 2025 | 31 replies
Quote from @Mathew Chacko: Quote from @Na Person: I too was a little skeptical of sending a large cash payment to an unlicensed entity (1031 facilitators do not need a license).
Jemini Leckie
Out of State Cash Flow
17 January 2025 | 9 replies
Cash flow is hard to come by and I have considered looking elsewhere in more affordable states.
Ralph Ace
Down payment with Heloc
6 January 2025 | 2 replies
I want to purchase an investment condo for $150,000.I want to get Heloc loan from my other investment condo for $50,000 and use it as downtown payment for this condo.Can I get a 30 year fixed conventional loan for $100,000 and use $50,000 for down payment from heloc?
Van Lam
Cash Out Refinance
11 January 2025 | 7 replies
My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.
Mike Levene
Most efficient source to pull funds from for a down payment?
16 January 2025 | 5 replies
Just ensure the agreement is clear and formalized.Pooling reserves across properties might make sense if you’re confident in your cash flow and other contingencies.
Jacob Anderson
Is it foolish to use a HELOC for a down payment on a rental property?
6 January 2025 | 11 replies
I found a property in my area that would produce decent cash flow and appreciation; however, I would have to use funds from a HELOC on a different rental property for the down payment.
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
Assume you will be making payments in it.