Elizabeth Lark
Using a Self Directed IRA or Solo 401K to Buy & Hold
9 November 2024 | 17 replies
You must never screw up and use a credit card or any other form of personal payment or your ENTIRE account is considered withdrawn and taxable.
Bob Asad
Can You Do HELOC on Rental?
4 November 2024 | 3 replies
You may also want to look at a cash out refinance to eliminate one or more Heloc or a few credit cards to lower your DTI and outgoing monthly debts.A heloc is a risk since its an open end mortgage like a credit card which carries a higher risk versus a 30 year mortgage.
Deepak Malhotra
Line of Credit on Property in LLC
4 November 2024 | 19 replies
That typically results in a higher payment and an open end mortgage (Credit card) versus cash in the bank that can act as an Asset and PITI reserves where a Heloc cannot.Feel free to reach out if you have any questions, I enjoy helping and talking REI.
Lior Golan
Advice for a foreign national flipper who wants to start in new construction
4 November 2024 | 1 reply
Some of the projects were with a local partner as well and then the managing chores were split between us.The lending perspective was stiff in the beginning, as I didn't have any experience at all, also no credit score, and that project was only by myself, so the leverage was low, but I could work on a low-price property to start.Fast forward 5 years, I have built a credit score with 2 credit cards under my ITIN of more than 650, and done 4 properties as experience.
Orlando Glez-Jorge
Loan on uninsured investment property
4 November 2024 | 10 replies
A lender would have to be a fool to lend on collateral that wasn't protected - if the house is lost in a fire or whatever, the loan is unsecured at that point and is basically credit card debt.
Hannah Tate
Anyone Invested Internationally? Mexico?
10 November 2024 | 19 replies
These can be paid by credit card or bank transfer.
Brett Deas
Need input from MTR landlords!
6 November 2024 | 13 replies
I'm looking forward the data analytics page getting built out fully; the beta version shows promise.The fees for credit card payment, using FF affiliate KeyCheck, are higher than most of our guests want to pay.
Scott Meech
Determining Quality MTR
5 November 2024 | 34 replies
This entire post is a classic example of someone asking others for help and giving nothing in return.
Tim Kaminski
Best Strategy to Build Primary Home?
1 November 2024 | 2 replies
You also have to consider a Heloc is a credit card a.k.a debt burden unlike a cash out refinance its a mortgage (One loan).
Benjamin Amaral
Canadian Applicant with no SSN
4 November 2024 | 8 replies
A SSN is typically issued with “permanent residence” (green card) meaning the person becomes legally allowed to live and work in the US.