If I use a hard money loan for a brrrr and the ARV comes in a little lower than projected can i pay off say 170k of the 200k hard money and just keep paying the interest on the remaining 30k of hard money until i can ...
Hey everyone,New investor here. I just read and took comprehensive notes from three books on real estate investing:- Long-Distance Real Estate Investing (David Greene)- The Book On Rental Property Investing (Brandon T...
I have my rental real estate principal and interest mortgage payments going out of my LLC bank account. I believe only interest and real estate property taxes are tax deductible. How do I account for mortgage payments...
We are looking at a loan on a 7 unit apartment building including a house on the property. The bank is saying that a five year resetting rate on the mortgage is normal. Is this true? Also they are saying there is a pr...
Hi all,I currently have a rental property loan with a local bank and I have been paying it for about 2 years without any problems. I just received a letter from the bank requesting last year's tax returns, personal f...
Hi experts. I have a property under contract. I'm going to use funds from my Solo 401k for the down payment, repaying it at 4.25% over 5 years (the interest goes back to me, which is the great thing about Solo 401k lo...
How do you properly use a hard money loan to purchase a rental property and then repay the lender what was borrowed plus the interest (or points)? Do you borrow the full amount of the purchase price from the HML or is...
I am working to get a bank loan on multifamily, with cap-rate of 8 with price of $1million+My personal income alone will not be sufficient to show the loan repayment guarantee. The property is making about $80K, in NO...
I want to create an AI to price mortgages.
A couple years ago a took out a 401k loan. I am considering paying this off now while the market is low (it had been so high I was holding off). I'm hoping that if I pay it off now it will ride the market up when th...