A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

I dont want to tap on my 401K because that is set for retirement, period!!!.

I am committed to doing EVERY exercise period!

But I'll give this a try to see if it gets through.charlie at tracreportingllc period and then the c.o.m. at the end.

It is shocking how many get redeemed in the last 48 hours before the close of the auction.If the properties listed were beyond their redemption period such that I Knew they were really going to be sold, I would start looking at these again.  

I have learn a lot in the short period of time, Joining BP is one of the smart decision so far, I hope you are accumulating good amount of Knowledge   

I want to present Investor A with a hefty down payment to cover improvements of his other assets, while also offering owner finance terms so that in the 3-5 year period he can “sell” the properties to me which I have been paying off throughout the time, so that investor A can successfully 1031 into another investment at that time. 

Not only your depreciation is limited, you cannot claim any loss.For 2025, you will have two separate periods.

Our minimum loan amount is 50k and we have a look back period of 10 years are far as experience is concerned.

In light of the pending Hurricane, I am anticipating significant damage to at least 1 of the units - likely rendering it uninhabitable for a period of time.