Diane Tycangco
Loan on Property 1 for Downpayment on Property 2
1 January 2025 | 4 replies
If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?
Jimmy Rojas
Best place to get a -$40k personal loan
31 December 2024 | 3 replies
Unlike a mortgage the interest on your loan will not be tax deductible.
Kristi Wolfe
19 years old - getting a loan with roommates
1 January 2025 | 4 replies
I doubt he'll be able to quality for a loan (VA) with just his income.
Kenneth Joseph Perfido
Should I Pay Off My VA Loan Quickly or Keep Leveraging Debt?
16 January 2025 | 3 replies
Context:I’m seeking advice from those experienced in real estate investing and financial freedom strategies.I recently bought a multi-family property in Newport, RI, using my VA loan for $695K.
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
Your personal loan has a 5 year balloon period.
Priscilla C.
Best Loan types for short term rentals
29 December 2024 | 10 replies
Since you will be renting it out you should get a conventional loan.
Alex Hymanson
Loan Product and Value Add Questions for Self-Storage
2 January 2025 | 2 replies
Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?
Sara Habtom
What type of loan should I go for as a first time investor?
2 January 2025 | 4 replies
@Sara Habtom yeah, you will absolutely have loan options.
LaTonya Clark
Lender- 40 year loans
25 December 2024 | 30 replies
Is it smart to take out a 40 year loan to get some cash flow?
John Davey
Can you deduct interest (primary house) from a home equity loan to buy a rental?
3 January 2025 | 11 replies
Loan interest is deductible based on the use of the loan, not the asset securing the loan.