While a heloc might carry a higher interest rate, I prefer it to a cashout refi because if you don’t use it, you don’t pay anything.

Not only should they be licensed, make sure that they carry insurance and a serious GC will also be bonded.

The only difference was that I have a legal concealed carry in CT, but my other team members do not want the responsibility of a firearm.

I would still expense as much as possible and carry-forward those passive losses to next year.

I want the seller to carry the note the full term of the loan and I expect that interest to be reasonable and never change Your actually doing the seller a favor in many ways therefore I expect my back to get scratched too on the terms .

I carry the max to reduce my premiums.

Hitting the ground running with my first post.Just started here with DP and my first order of business while I am learning all I can is:I have purchased my first property to rehab and rent.I need a financial input to carry me through the rehab and a tenant is found.The nitty- I paid cash for the property on a bank repo. 50k on a 75k valuation                  I am performing the rehab my self. apx 20k on a 95+k valuation                  Property is on one of most desirable streets with best view.

What if you carry a note for a property where the owner has stopped paying property taxes?  

=================================Property Value: $2,000,000Down payment and Carrying Cost: $535,000 (25% down plus carrying cost for closing etc.)Repair Cost: $100,000Investment period: 3 YearsSales Price: $2,300,000Sales Carrying Cost: $125,000 (sales commission to broker 4%, final water/electric/gas/other bills, any other charges)After three-year mortgage balance: $1,500,000 - $265,000 (principal that are paid off in three years) = $1,235,000Rental income total at 7% of down payment: $105,000 Total Proceeds: $2,300,000 - $1,235,000 - $125,000 = $940,00065% of proceeds: ($105,000 + $940,000) * .80 = $836,000Total investment: $635,000Percentage on return: ($836,000 - $635,000) / (3 * $635,000) = 10.55%===================================

Acquisition costs, rehab costs, carrying costs, selling costs, etc.).