Zach Bechard
How does re-payment work on HMLs?
Hi BP Community!
As a newbie and future flipper, I have been researching and reading up on Hard Money Loans. The piece that I am missing is the process of how the payments work.
If I borrow $100,000 from a Hard Mone...
Tyler Maten
Cash Out Refi vs. HELOC Pros and Cons
*Disclaimer* I know things may depend on a variety of different factors, just looking for people's thoughts / experiences.
- Hello BiggerPockets crew!! I have kind of hypothetical question, possibly a couple questi...
Andrew Pettit
Deducting Interest Paid on a Brokerage LOC
Hello,
Can I deduct interest paid on an Etrade brokerage LOC used for a down payment on an owner-occupied home? ThanksAndrew
N/A N/A
How does everyone here mostly buy there properties ?
How does everyone here mostly buy there properties ?
Cash ?
0 Down Financing ?
10 - 20 % Down ? ( Does anyone here do this ? )
Equity ?
Owner Financing ?
Anything else ? ......
Chad C.
Are these good terms for a HELOC?
I was offered a 4.5 variable rate, closing cost of around $300. The way it is amortized is a little different. If it's under 5k it's amoritized 5 years. 5 to 10k 10 years, and over 15k, 15 years. This seems like a pre...
Robert Kriedermann
Help! Hard Money headache
I took out a hard money loan for a rehab project. Purchase price was $51,000 and the rehab escrow was $60,000. I've worked with this lender before and the fee is always 5 points plus $2500 with 1% of the loan to be...
Andrew Lax
Trying to be creative
In the process of selling some of my less desirable properties and still working on creative financing ideas;
Do you think the following would be of interest to investors.
-ARV - 500k
-Purchase Price - 400k (need...
Jon Silva
Hard Money Lender options for SFR buy and hold
Hello! I currently have two rentals, and I’m under contract with two more. I’m looking in Florida, SC, and Texas specifically. I’m trying to get educated on hard money long term holds, I’d love to connect with someone...
CL Ziegler
Cash deal, or borrow? (tax differences?)
I've asked this before, and came away MORE confused. So let me try again.
Another poster on here in an older thread said: "In a few years when my units are paid off, I can keep the full rents as profit." (p...
Steve LeBlanc
Portfolio Loan interest....is it deductible?
I'm in the process of combining 5 of my investment properties (currently individually mortgaged) into a portfolio loan. Is the interest paid on this new portfolio loan deductible just the same as the mortgage interes...