Brooke Carlton
2.25% Interest Rate - Assumable Mortgage, down payment gap over $200k
22 January 2025 | 13 replies
The payment is about $1320 per month.
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?
Henry Farias
Got Land and want to use it as down payment.
15 January 2025 | 1 reply
Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
@Tyler Speelman Your strategy to assist your sibling with a down payment while minimizing tax liability is creative but comes with complexities.
Jaron Jackson
How to get rent payment from previous owner?
10 January 2025 | 8 replies
This may sound harsh, but I would actually put this on the tenant to get his rent payment back.
Steve R.
Evicting tenant who's made partial payments.
18 January 2025 | 3 replies
Do not take any more partial payments.
Chris Ke
200k down payment available and I can benefit from tax deductions
14 January 2025 | 5 replies
@Chris Ke With $200K for a down payment and the ability to invest full-time, consider starting with a 4-plex or multiple single-family homes (SFHs) within a 5-hour drive of Los Angeles in areas like San Bernardino or Riverside.
Rob Barth
Renting properties at or below mortgage payment
9 January 2025 | 12 replies
This would need to be structured that if your rent is at or below your mortgage payment, the portion of the mortgage payment going towards principal is more than all other expenses (and hopefully more than budgeted capex).
Mike Levene
Most efficient source to pull funds from for a down payment?
22 January 2025 | 6 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
Chris Seveney
Home Payments as % of Median Income
2 January 2025 | 12 replies
Its percent of home payment to median income which has been skyrocketing over the past few years.