Cody Cross
Seller Financing vs Getting A Loan From The Bank
I have a deal under contract currently for $130,000. It's a tri-plex in Louisiana. I'm in contact with a local commercial bank and the seller is willing to finance the deal at 8% on 15 years or I can get a loan from t...
Stanley Nguyen
Tax on private lending fund
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
Rolando J. Pena
Im a newbie trying pull the trigger on this 14 unit building.
Good Evening BP!I have heard many podcast on my way to work, but I finally started hanging out here in the forum. I must say that this forum is amazing!Im currently under contract on a 14 unit apartment building in So...
Walt Payne
Price reduction strategy - help please
I have a $399K home for sale. Several agents have told me that it is a good price, but because it has an in-law suite it is going to be the right house for just a limited number of people. I would like to get a chu...
Jerry Daily
Buying another property to offset taxes
I currently own a rental property that profits at least 15K after all deductions. I also own a rental property in cash under an LLC that profits very little on paper. I also have a primary residence with nearly a JUMB...
Jordan Mummau
LOC Crushes Credit Score... Other Options?
BP Community,
Looking for some help on this topic. I'm currently winding down a flip that I have $100K+ into holding on a personal line. I just went under contract on a Duplex (Cash Buy) and scheduled to close by end...
Matt Morgan
Cash out refi's vs convential mortgages and 4 mortgage limits
Hey everybody, I'm just getting started investing and am looking to purchase some rental properties in out of state markets. I'm wondering whether it's better to purchase these properties with convential loans, or ...
Vernalene Perez
home equity line of credit and a home equity loan
What is the difference between a home equity line of credit and a home equity loan? I know that both are secured loans, putting up your home as collateral for the money you borrow. But what's the difference?
Ada Li
Mortgage Questions - Home Ready / Home Possible vs FHA
Hi there!
1. What counts as income? Are bonuses included?Home Ready and Home Possible have Avg Median Income limits (Philadelphia $84K)- I meet this requirement if I don't include bonuses (from referrals and perform...
Abdul Zulali
Housing hacking with 7+ Bedrooms !! - Pro Investors help needed!
Just put an offer on a 3,500 sq ft tri-level home in Colorado that has 7 bedrooms / 5 bathrooms ($700 each) and am thinking to potentially add 1-2 bedrooms more. However my question is when is to much rooms too much? ...