The bank will sometimes take the excess funds (difference between redemption amount and winning bid) as a immediate cash benefit on their books and write off the loan.  

My current strategy is to fund the projects with 85% LTC construction loans and cover the other 15% either with my own cash or tapping into a HELOC. 

It’s a 15 year loan with 2.5% interest.

I got over it.At some point I could no longer get 30y loans and had to learn how to get comfortable with 5 year commercial loans and the interest rate risks.

Loans are not tithed on, since they are debt not increasse.So, if your field yields 10 ephod of wheat, one to God, one to Casear, 6 for eating through the year and 1 for planting the next harvest and 1/2 for buying a donkey and 1/2 for taking the Mrs. to town for falafel & figs. 

Good Morning all, am in the process of selling my coop first per loan officer and will be buying coop (2bedroom) pending sale of unit on contract we signed- my question is when I do my taxes will I be hit with anything ?

Hi, I could use a Pros' advice.I'm looking to get an FHA Loan on my first property and buy a duplex, triplex or 4-plex with the 203k construction loan to renovate.Can I still refinance after I get renters in with the FHA loan?

@Deborah WodellThere was a guy who used to post on BP from Maryland who did private lending and was a fraud, changed company names many times and what he would do is write construction loans, fund the initial amount but didn’t have the money for the draws.

This was done so because of loan type and rate. 

Many of the loans I have are DSCR loans.