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15 May 2024 | 48 replies
Hi Shane, I want to tell you something from my research because it seems that we've been doing the same thing when it comes to educating ourselves on RE.Given that you already have 20k, which is around half of the down payment, try to leverage family and friends as private money lender in order to complete the down payment.Second, depending on how long you had your primary, assuming that you did not cash out anything from the equity, you can try out this option ( no need to cash out all, just cash out the amount that you need to make this deal happen).just my humble opinion based on what I have learned!
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13 May 2024 | 8 replies
Regarding your script you might try a less business like approach and change it to sound more like just a private individual looking to buy a property.
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13 May 2024 | 3 replies
I am considering keeping my current personally owned home/farm and renting it as horse owner property. already completely set for 2-4 horses. my personal interest rate on the property is 2.6% and I don't want to loose it.
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14 May 2024 | 13 replies
@Todd Goedeke,All income from passive investments inside a Solo 401k will be sheltered from taxes (or completely tax-free in the case of a Roth).
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13 May 2024 | 10 replies
Adding hundreds or thousands of dollars to your tax bill upon closing can completely destroy a good deal.
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13 May 2024 | 12 replies
I'm gonna sound like a lawyer.
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14 May 2024 | 10 replies
I'm in Indiana, a completely different lending market, but my gut says that your blanket loan will be a commercial note.
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13 May 2024 | 12 replies
It sounds like your year is off to a great start.
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13 May 2024 | 19 replies
I've completed a few successful renovations, own two properties, and I'm also looking to scale my portfolio.
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14 May 2024 | 14 replies
This sounds like wishful thinking.