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Please help me find a bank, credit union, etc that will let me use 100% of my equity on an investment property for an interest only HELOC. A lot of lenders will only let you do it if it’s your primary residence and i’...
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What makes the most sense financially? I’m looking at a four-plex and the rates I’m being offered are:
Option A: 30 year fixed at 4.875%
Option B: 5 year ARM interest only at 5.125%With Option A I won’t get any cash...
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These are just layoff announcements over the past month, and there are several more. The average consumer is some what aware of these layoff trends, inflation, higher interest rates, and higher home prices. We can hop...
I recently purchased my first two rental properties. I placed an advertisement this morning and by the time i got home, i received 35 Emails.
What do I do now? I cant show this house to 35 people....do I hold an open...
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If I do a cash-out refi on my primary home, and use the money to pay cash for a vacation home, can I deduct the entire mortgage interest? Or can I only deduct the amount that I owe on my primary home? It seems odd tha...
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I think I may have made a big rookie mistake. I recently purchased an investment property (a rental) for cash with the expectation of doing a cash out shortly thereafter. Couple months later I did the cash out. ...
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Hi, I’m new to BP and am so glad I found this community. I have 3 investment properties and a house in SF that i bought from 2011-2015 and am really eager to start investing outside the Bay Area as the numbers don’t p...
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I need to return part of a security deposit on a tenant who lived in a rental in central Ohio for 3 years. The deposit was equal to one month's rent. Am I required to give him 3 years worth of interest on the security...
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I'm preparing to purchase a business and the owner wants a flat purchase price and will charge zero interest on the loan. Her attorney told her she is REQUIRED by federal law to charge a minimum 2.75% interest or els...