10% second home loan though Northpointe Bank - Jeff Chisum & team.

He wants to give the house to the 4 children and 2 of the children are willing to contribute added capital to improve the house so that Dad can live there for the rest of his life, he is currently 80 years old.  

Take a loan out to do your project, use your bank investments as collateral.  

Currently, they are posting to the loan liability account only: From the loan account > draw bank account as a transfer in QBO.TIA!

The only item that I haven't found is how to account for loans on the balance sheet. 

Fill in those two numbers into any online mortgage calculator, and it will tell you what the maximum loan is. 

The current property has a VA loan with a pretty great interest rate (2.375%). 

This mindset allows them to learn from each step and mistake, improving over time.

Based on your financial situation and goals, here are some personalized tips to kickstart your journey: Start by leveraging your finances with options like conventional loans, FHA loans, or commercial loans.

There are no real wholesalers in the group, and very few people doing free and clear transactions, at least that I know of, and the average level of the knowledge about real estate of any of those "Bid Dogs" attending the masterminds is very low, or almost non existent, as most of them are new members.Phil preaches that they are experts because the know just a little be more about real estate investment than the average guy, but the reality is that is all smoke and mirrors, and they feed and prey upon people expectations to improve their lives, creating false expectations about people being able to make money the easy way, with no credit or money to start with.