Eric Merhar
HELOC or interest only mortgage to launch investing career?
I'm using equity in my house to pay for the down payment on my first deal. Two options are available, and I'd like to get feedback on the pros and cons for each!Scenario #1: 40-year interest only loan that results in...
Garrett Ranous
Interest only loans - Questions about payment and exit strategy
Hello everyone. I am considering using a turnkey company to rent a property and due to the covid and my current switching of jobs I can really only get an interest-only loan. Both the mentor and loan officer kind of e...
Daniel Leathers
Interest-Only Loan to Refi Out of Reverse Mortgage?
Hello,I have a client from my day job who inherited a property in Inglewood, Ca. It’s stone’s throw from where the new SoFi Stadium is being built. Her deceased father had a reverse mortgage on the property and the co...
Christian Wathne
Is 'smoking outside only' ok? Interested in your thoughts
Hi Everyone, I'm pre-screening before I do showings and one person who's interested in the house said this...."I like to get it out of the way, would you have any concerns about smoking in the backyard only? (Haven't ...
Aaron S.
Refinancing a high equity rental with interest only loan?
Hi All, I’m new to BP and appreciate any insight from the community. I own a rental in San Francisco which I bought and lived in for a few years starting in 2003. I’ve been renting it since 2006 and watching it apprec...
Edwin E.
Seller financing/interest only payment 'till balloon kicks in...
Is this type of deal common or is it even done by sellers ?
What interest rates are sellers charging nowadays ?
Penny Myers
When does it make sense to pay interest only?
I'm looking at several potential owner finance deals - but clearly the cash flow would be better if we could pay interest only. When does it make sense to make offers that pay the seller interest only? What kinds of t...
James Chambers
Possible Interest only or Brigde loan for Multifamily refinance
I have come to within 3 months of my balloon payment of my loan and I'm looking for more creative options till I can secure more longer-term financing. 24 unit complexestimated value 1.5 millionMoney owed: 897kLocate...
Jessica Beltz
Can one get Interest Only Mortgages on Office Buildings?
I am kind of retired and looking for income at this stage of my life. Not equity building.So I am thinking of purchasing office buildings with long leases on a NNN basis in other states like FL. Price between says 75...
Andrey Y.
How would you use an interest-only, 2.4% HELOC?
How would you arbitrage a $100,000 HELOC, 2.4% interest-only for the first 3 years, then sets to 5% floating rate. Ideally, would be to get out of this investment/pay off HELOC after 3 years or earlier. Give me your m...