Trevor S Foster
Advice on possible raw land refinance to make improvements
Hey guys,I have a few questions on refinancing raw land, hopefully, someone can lend a little advice on whats been running through my mind.We have a 7-acre parcel of raw land in Prince Georges County, Maryland. Inheri...
Roger Mace
Should you refinance a DSCR?
Refinancing loans with a focus on Debt Service Coverage Ratio (DSCR) can be a strategic decision for businesses. Here are some situations when refinancing might be considered:
1. Improved DSCR: If a company’s DSCR ha...
Jean-Thierry Aleman
Mortgage interest deduction when paying cash for initial purchase
I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...
Charles Clark
FIrst Commercial Deal - 8 unit
Investment Info:
Large multi-family (5+ units) buy & hold investment in Milwaukee.
Purchase price: $245,000
Cash invested: $35,000
Offer price = $245k
Seller paid $5k in closing costs
Purchase pr...
Indra H.
Under market value purchase
Hello folks,So this will be my first time using non conventional loan. I have a house under contract, house is valued at 150k but i was able to get it under contract at 109k. Now, my initial thought was to do 20% down...
Logan Dawe
Getting a loan for first house
Will banks consider your intent to house hack and factor that into your eligibility for a loan? I want to buy my first house by the end of 2022 and I’m wondering if telling them about my intention to house hack it wil...
Account Closed
WHAT! I DONT WANT TO DO ANYTHING ILLEGAL...
okay here's the story. I have everything in line finance rehab, people in the construction, I have somebody to project manga the rehab, I have somebody in wholesaling and I had a pretty good hard money guy lined up to...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Tracy Mayfield
Is a Cash Out Possible?
I own a rental property here in California with a good amount of equity. I wanted to do a Cash out to pay down some debt and use some to look at options for buying another property. I have good W-2 income around $190k...
Dan C.
How to Cash Out before 6 Months
Hi, I’m a first time cash buyer who bought 2 properties with my name on the property but am using private funding from parents as well (I pay them a monthly interest rate). I didn’t know about the 6 month refinance ru...