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12 June 2024 | 3 replies
(Minus the small percent of the payments they’ve made that’s been considered capital gains.)My understanding is the 60 payments they make will be split up in to interest (regular taxes), capital gains (15% usually), and principle pay down (non-taxable.).
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12 June 2024 | 11 replies
All of that is possible when you go down to the studs.
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11 June 2024 | 20 replies
Depending on how good the GP's prior returns have been & marketing strategy, they can raise 70-95% of the total equity required to take down their next deal.
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12 June 2024 | 9 replies
I will counter them back and tell them I accept "US" currency or they are free to sell their cryptocurrency and then use that money as a down-payment.Thanks again!
12 June 2024 | 3 replies
SBA loans feature favorable terms, such as low down payments and longer repayment periods, and are partially guaranteed by the SBA, reducing the lender's risk.SBA 504 Loans: Another SBA program, the 504 loan program, provides financing for the purchase, construction, or renovation of owner-occupied commercial real estate or heavy equipment.
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11 June 2024 | 4 replies
Did you save up enough to put a down payment ?
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12 June 2024 | 20 replies
I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.
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11 June 2024 | 6 replies
Would like to purchase my third investment property for around 850K property will cash flow me around 3500 a month I have just under 110k in liquid for the down payment what’s the best route to be able to gather the rest of the cash for the downpayment which if it’s 25% downpayment I’m looking for another 110k loan what is the best route to take ?
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11 June 2024 | 116 replies
Guy,You hit the nail on the HEAD!
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11 June 2024 | 5 replies
You can do a cash out fixed equity line or second home loan towards the down payment of a new investment to keep your current terms intact.