Gerald Pitts
HELOC - INTEREST ONLY
I'm trying to wrap my head around whether a HELOC is a good idea for an investment property. I applied for a HELOC and got a "counter offer" for a HELOC - Interest Only. Is this a good strategy to use for making dow...
Zach Schaar
Interesting Wholesale Scenario.
So we received a call to our phone answering service about a seller who is offering up a great price for his home, however, he stated that he currently has tenants in the home that are not paying rent and would pro...
Jacob P.
Interest Rate Jump
Hi guys,Relative newbie here. I'm in the middle of purchasing a multi-family home. We're getting close to setting a closing date. I was on the phone with our mortgage originator, and we discussed the recent interest r...
Roosevelt Burney
Interesting Contract Question
If the purchase and sale agreement has a 21 business day inspection clause, but the closing date is written as a few days before that inspection period ends, is the buyer still able to back out of the contract based o...
Christine Hull
Conflict of Interest?
I am ready to dive into BRRR investing and have found an agent I am interested in working with. In the book by David Green, he recommends that you find an agent that invests themselves. However, if my agent who also d...
Dave Halevi
Interest only deal
Hello everyone, thank you for all Your help here!I have a seller financing deal with the following terms:pp 100K, Down 20K, 5Y balloon, 5.99%, Amor 30Y.1. The seller wants an interest only payments for the next 5 year...
Vlad Denisov
Interest only loans?
Hello everyone!Question to people who own 16+units - what type of loan do you use? Do you always go with interest only or not? What is your train of thought behind this?
Michael Bertsch
HELOC interest deduction
Can I deduct my HELOC interest on my schedule E? The HELOC is on my primary home and I have used the money for investment properties nothing personal. From what I understand, most people deduct it on their schedule A ...
Safwaan Bennett
Wholesaling is interesting
Not to long ago I was in the process of joining the marines corps to be an infantryman until a relative of mines introduced me to RE wholesaling and at first i didn’t pay it no attention until I started to do my own r...
Tracy Thompson
Interest Only Financing?
Seeking opinions/feedback on interest only loans. We are new investors having just three rental properties and want the pro's and con's of financing with interest only loans compared to fixed rate 30 year loans. Our...