Michael Plaks
Refinanced interest - is it tax-deductible?
28 October 2018 | 10 replies
He deposits said money into an account and agrees with bank that it will be used as collateral for a $100k personal loan.
Jeanni Prescan
Inheritance tax on a house bought in LLC at judicial sale
13 February 2020 | 15 replies
"The $13,168.84 figure is calculated as follows: $18,000 assessed value x 3.23 date of death CLR = $58,140 property value x 15% collateral tax rate as the property went to the unrelated LLC. = $8,721.00 tax liability.
Kent Byron
Buying a performing note - questions about the closing process
27 October 2018 | 3 replies
It’s a performing note and the collateral is an SFR in a different state than where I live.
Kashif Riaz
I am looking for secured and unsecured line of credit
28 October 2018 | 5 replies
They would be personal guarantee, since they're not collateralized by any one specific property.
Colten Thiel
Owner Financing and how to afford renovations?
26 October 2018 | 5 replies
No collateral, fully unsecured.
Raul Morales
Single Family Home Vs Rental Property
1 November 2018 | 6 replies
I would then put this property as collateral and look for another property to continue the trend.
Dereck Ho
Rental Portfolio Lender Recs?!
1 November 2018 | 5 replies
Since most portfolio loans are cross collateralized and cross defaulted, It will allow you more freedom if you decide to sell one or 2 of them in the future.
Juan David Maldonado
Pay as I go to build duplex or hard money loan?
29 October 2018 | 5 replies
Most HM lenders want a home/structure as the collateral.
Sarah Sadd
Applying for a HELOC
26 November 2018 | 8 replies
LOC's are more often tied to primary residences as collateral (called HELOC).
Jim D.
What should I watch out for when providing a bridge loan?
16 November 2018 | 1 reply
The property will be collateral, so if she doesn't refinance, I can foreclose.