I understand you can write off mortgage interest as a business expense for a rental property. What about interest on unsecured loans used for the same purpose? The offers I see in the mail for 8-10% unsecured personal...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $285,000
Cash invested: $56,000
Sale price: $700,000
This was actually our residence for this period of time
...
I am looking at purchasing two fourplex buildings for $500,000 total. I plan to finance $375,000 (at 5.550% amortized over 20 years)through a local commercial bank that works with a lot of investors. My plan is to bor...
BP, I have been looking for multi family units to purchase to increase monthly cash flow. Just cam across this one on Craigslist. Seems like a great deal. Asking price: 129,900 (reduced from 149,900) 3 units total. 1 ...
Hello BP community!As the title says... I'm having trouble accessing equity on my primary residence. I've tried applying for a HELOC recently (2 different banks) but our DTI ratios are too high and paying off the mini...
What is my next move? These properties are in an LLC. I have a 140k line of credit as well. I do not want personal loans, how do I situate this to purchase my next property?
1st property-paid off
Value 190k/rented n...
Need help saving a friends parents home in ohio
Hey BP family, I'm starting on my real estate journey by doing a live-in flip for my current home (my first and only property). I purchased the property in May 2022 for 205k with 3.5% down and therefore have little eq...
I have several contracts on properties, from commercial to residential. I'm not looking to hold any accept one property. problem is, I low on funding. I have Money in one investment and don't have enough for the other...
So I am hoping to get the ( exact how to ) reference with no out of pocket cost. So I am buying a rental property today ( my 3rd ) I will be paying cash for it ( personal loan from a bank ) and I want to refinance in...