Dan Costantino
Tax impact of Guru classes: What and how can I write off?
I know BP hates guru's :-) However, I did some bootcamps this year. I know what money I spent wisely and which I wasted. Please save your breath on that.
My question is, am I able to write the cost off? (Th...
Christina L.
HUD multifamily loans - other than slow processing, worthwhile?
I’m doing some research on multifamily lenders and I learned that HUD offers loans at rates in the 3.5% - 4.4% range for 30 years with a 40 year amortization schedule. Other than the fact that it can take months for t...
Keith Linne
Apartment Building Deal Analysis
We have an off-market 18 unit apartment building under contract, with a mix of units (1 studio, (6) 1BR and (11) 2BR units).I own 10 units in the area; however, they are a mix of 1-3 unit buildings. I'm much more expe...
Account Closed
How Sub2 used promissory note?
I know we can use a promissory note to pay the seller during the subject2 deal because the property have equity and positive cashflow but how do i know in the next 5-15 years i will have the money to pay back the sell...
James Masotti
Commercial mortgage interest rates
Last year I was getting commercial financing at 5.5% 70% ARV with a 5/20. I know that there was a prime rate increase in December so I'm curious what folks are seeing now from their commercial banks if you've closed a...
Franky Na
Canadian looking for mortgage options for US property purchase options
Hi All,I am in the process of purchasing my first investment property in Texas. I am a Canadian looking for Loan Officer and Mortgage Brokers who specialize in helping Canadians and DSCR Loans.Looking to see-1) What's...
Austin Bright
Is it possible to use a 0% APR loan to accelerate amortization?
Say the following:1 I live in a duplex and rent out the other side2 I take out a 0% interest loan/credit card and pay the principle (ahead of schedule)3 I "pause the mortgage" (ie "Mortgage Forbearance")4 I use money ...
Ato B.
Do you need Amortization for BRRRR purchase section?
I just noticed this Amortization field on the BRRRR Calc. This wasn't there in previously, not sure if this is a new feature. But I'm not sure if amortization is needed for the Purchase portion of BRRRR. Any insight?
Henry Le
20% down payment deal analysis
Hi everyone,I'm thinking about purchasing a small 1,000-1,100 square-feet single family house for $150,000. I'm going with the 20% ($30.000) down payment and finance the rest through a bank. The estimate rent is $1,...
Fred W Johnson
Paying off mortgage early with balloon payment on end
Details on my mortgage - Interest bearing Principle $197,000Deferred Principle $95,440Interest rate 4.7%20 year loan with 18 years left.I wanted to pay $7,000 extra a month for the Deferred Principle but the lender c...