Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...
Like the title says, can you buy a property under an LLC using a line of credit secured by a rental property under personal name? What are the ramifications? Thanks
Hello, my real estate investment partner and I are in talks with a party about getting a $1-2M promissory note in place, which we would draw on to make acquisitions of 12-25 single family homes over the next year or s...
There is a 3/1 property in Houston being wholesaled with the following information:
ARV: $50k
Repairs: $27k-30K
Rentals: $600-$750 ( I don't believe these numbers)
This deal doesn't make sen...
If the cash out comes from my investment property, and I take the cash to buy the 2nd investment property. Does the interest deductible?
Hi All. I currently own 2 SFHs outright (no debt and both in my LLC) and wish to purchase a 3rd. I have $50K but would need about $85K for the 3rd home. I don't want to do a traditional mortgage since the amount is ...
My broker is telling me that if I get a loan from my grandfather for a down payment, that it has to be secured against real collateral! I saw somebody on here saying that you wouldn't want to do that. What is the truth?
Besides a heloc, what other unorthodox ways have you been able to front money or finance a renovation or adu?
How many properites can you purchse under an LLC?Will you have trouble getting loans after 10 proprties? The same as an individual?I am looking down the line for a future partnership and this came to mind.
I'm meeting with 4-5 banks next week to get an LOC. I have a number of properties that I am using to secure the line. What questions should I ask them when I meet.