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BP! Newbie needing advice on loan terms from a local bank. Is this a good loan and what questions should I be asking? Here are the details I have now: Purchase price $100,000 15% down $15,000Improvements $15,00020% do...
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Have a commercial property I am ready to offer on asap here, will be seller financed for 20% and I have no experience in this so not sure how to set up the contract for the seller portion. Details are they will hold 2...
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Hello Everyone! Looking to see if anyone has had any luck finding financing for an established assisted living facility (real property w/ separate partnership with operator to run day to day). I was advised by a local...
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Hello,
I own a primary residence for about 10 years and have a good amount of equity. My mom who is part owner currently lives in it. My girlfriend and our two kids are renting a 2 bedroom condo and are interested in...
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HelloI am on a 30 year conventional mortgage loan at 3.5 rate of interest on my multi family home.Is this a good time to refinance?I don't plan to see until next five years.Please adviseThanks
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Hi, all. If I get a HEL on an investment property to build a primary residence, is the interest on that loan considered interest on a residence that can be deducted with itemization? Thanks
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Hi BP!I'm working on a first flip, and I need to raise $35K in addition to my own cash to make it happen. I have a potential lender lined up, but now I need some help with the brass tacks of the relationship.Snapshot ...
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First off, forgive me because I know there are similar threads but I'm hoping I can get some very specific help.
I'm in Google Sheets/Excel working out what was proposed to me and now we got three people with separat...
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Hello BP,
Looking to pull some money out of my rental to use for a 2nd property. Any advice?
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Have private money to use and need loan servicer that can do business in IL. Need to make interest only payments indefinitely with balloon of initial investment plus 10% equity when property sells. Ideas? Lawyer seems...