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Results (10000)
Garen T. Deducting interest from HELOC to finance projects?
7 April 2019 | 5 replies

HiI have properties that I will take HELOC loans out on in order to finance the next property. It will be for construction, or acquisition, or fixing it up.However, this year my accountant just told me that the intere...

Charles Granja DSCR loan profitability (buy&hold)
23 August 2022 | 6 replies

Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule. 
Here’s a recent scenario: 
Purchase price: 244k duplex, good condition
...

Reaz H. LTV % of prior mortgages vs. new mortgages
12 August 2016 | 4 replies

I've been looking through previous threads with regards to "second mortgage" but haven't found exactly what I am seeking so I thought I'd start asking. I would like to learn more about how lenders view the following s...

Omar Ruiz 32 Unit Apartment Complex in Houston TX
9 December 2022 | 4 replies

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $650,000

Cash invested: $225,000

We purchased a 32 unit apartment complex just outside the down town a...

Denise Duffy Making our first purchase
11 December 2018 | 4 replies

My husband and are making a bid on our first property. The house will have a market value round $75,000 after improvements. Purchase price is going to be $30,000 and the property needs around $10,000 in improvements. ...

HJ Bercy What are my options to get a loan under LLC using my portfolio?
27 March 2018 | 3 replies

What are my options to get a loan under LLC using my portfolio?                                                                            We looking to buy a 18 unit building (asking $190,000).  Needs rehab (estimate...

Michael Neiman Financing First Rental Through an LLC
8 September 2019 | 4 replies

So here is basically the gist of the situation:  A few friends and myself have been building capital to purchase rental properties.  The five of us are all 25 and are doing this together to scale as quickly as possibl...

Karen Lee HELOC interest expense deduction
10 December 2018 | 6 replies

Hi - From what I've been reading there are restrictions on HELOC interest expense deductions.  Does anyone know if I take out a HELOC on my primary residence and draw funds to purchase/improve rental property (1) will...

Sarah Wainscott Gaining equity and converting to conventional loan
5 January 2017 | 1 reply

Good morning you smart people,My husband and I purchased a duplex in Kodiak, AK. This is our first home and first investment property via a VA and First Time Homebuyers loan. We are currently operating as a owner-occu...

John Hickey 1031 with hard money
7 August 2017 | 4 replies

I rewrote this a few times I know its a handful, thanks for looking. Feel free to shoot holes in it.Got a q for you BP. I am doing a 1031. I have a CPA and a QI. I understand that advice here is not professional, even...