Hi Zak-Great question.It sounds like your credit union is offering you a Home Equity Line of Credit as they do not expect principal payments and your primary bank is offering you a Home Equity Loan.Personally, I don't like having to pay on an equity loan unless I use some of it and only pay on the part I use.Although, this is a personal decision for you.If you make investments that provide enough cashflow to pay the principal and interest to your primary bank on the equity loan it doesn't really matter to you as others are paying it.Another consideration is the amount of dry powder available to invest.

This person is to diplomatic, think someone took over his account.

I recommend getting 5 bids and picking from the top three.As far as you, personally., estimating rehab costs....forget it for now.

BP has lease templates for every state which are good, I personally use one from eforms.

You are bidding based on still owing that amount. depending on the state you need to know what is superior and inferior. think about it this way, you are marrying a person with kids from a prior relationship - those kids do not go away, you are taking them as well.2.

The reason being is this Person i never had a lease with or rental agreement comes and goes from the property and is NOT living in it..

I follow some real estate investors and want to put some of the strategies I learned into play.A little bit about me: I came to the U.S. in 2019 to study electrical engineering and always tried to learn how to better manage my personal finances.

Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).

You definitely want to get with a competent tax advisor for personalized advice.

(Our personal State Farm Agent recommended them and so far its worked out well) We are in Indiana.