They are scheduled to have their last payment Nov this year.

It can take 3-4 months to get them to process paperwork and start monthly payments.

Hey everyone,My friend and I are partnering on a deal in Atlanta where he brings 100% of the up front cash (i.e. 20% down payment and $50K-ish for a rehab) and I find the deal, manage rehab, run numbers, and am the brains of the operation (and I manage the buy/hold on the back end) and assist downstream with refinancing.

What is your thought on taking out a heloc on the new home purchased to put a down payment on the rental investment?

Carlos had a couple of good ideas for down payments.

They were making mortgage payments on behalf of your IRA, they could request latest statement, they could request payoff amount, etc.

Generally, the rate might be higher on DSCR Multifamily but counteracted with a superior 30-year fixed rate (fully amortizing or even IO for 10 years) which can actually have a bigger effect on monthly payment and takes away any balloon or floating rate risk.https://www.biggerpockets.com/blog/multifamily-dscr-loans

They’re on a m2m agreement, previous owner didn’t have an issue with them or any late or missed payments ?

We are also helping a client do a construction loan for a $750k purchase plus $400k for renovations and adu with 5% down payment. 

Hi community,I have some 0% credit cards.Does anyone here have any experience With liquidating them for down payments?