Sri S.
Are Home Equity loans tax deductible if used to buy another investment property
14 February 2024 | 2 replies
These deductions are filed on Schedule E of your tax return.Other Financing Options:Seller Financing: Negotiate with the seller of Property B to finance the purchase directly.Partnerships: Pool resources with a partner for additional capital.Private Lenders: Consider private lenders or hard money loans for more flexible terms, though often at higher rates.
Namal Burman
Multi-Family Investment or Buy another rental in San diego!!
15 February 2024 | 18 replies
Having the team ( agent/lender to run scenarios and putting you on the right path will help.
Lynn Wong
Post closing procedure request from lender
14 February 2024 | 7 replies
I have a request from my lender Rocket Mortgage asking me to provide to them the Withdrawal term of 401k even though I didn’t use my 401k to down for my rental house.
Aaron May
Does anyone have experience with Exposure Limit borrowing ?
16 February 2024 | 1 reply
We have an untapped line of credit already that we could use for the downstroke, we could potentially use this Exposure Limit LOC to buy and rehab, and could use my normal lender to refinance out, rinse, repeat.
Conner James Hardin
BRR Investment Success
16 February 2024 | 2 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Mihai Echim
Beach house in Florida - for short-term rental
16 February 2024 | 0 replies
Plus is a great income if you decide to rent it.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
MIchael McCUe
Hard to separate what’s needed from what I’ve learned, pleas confirm hear thanks
16 February 2024 | 0 replies
Judicial,Collateral,Unsecured,Secured,Seller,Syndication ~ confirmed Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins" ~ confirmed ROI unknown tho…Tax attorney(Roth,Judicial, Sophistication) "10% ROI" Unknown*Accountants (how much and where Terms infrastructure legalities) 7% ROI Unknown*Mortgage broker (lending acquisition all major lenders ,TD,RBC…….
Dallas Sutton III
Where to start?
16 February 2024 | 3 replies
Need to find a good hard money lender to help fund the acquisition and rehab for the property.Are we squared away financially to refi out of the hard money loan using conventional financing?
Laura Lewis
DSCR Home Loan
15 February 2024 | 9 replies
DSCR is a type of investment property loan that lenders use to evaluate the cash flow from a property relative to its debt obligations, rather than primarily focusing on you, the borrower's personal income.Down payment: Expect to need at least 20% to 30% as a down payment, though this can vary by lender and property type.Interest rate: Interest rates for DSCR loans are typically higher than those for conventional loans because lenders view them as higher risk.
Jose Morales
are there cash out refinances for 100K duplexes.
15 February 2024 | 15 replies
The biggest thing would be to make sure that the lender would approve of the “seasoning period”, which is essentially the time after the purchase and after the repairs that the lender would like to wait before they would take the now, newer After Repair Value (ARV).