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...
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?
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...
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 ...
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...
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...
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...
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...
Jeremy Rhodes
BRRRR cash out refi with less than 6 months seasoning
Can anyone direct me to lenders who have less than 6 months seasoning period for cash out refinancing a BRRRR? I live in Michigan and am trying to line up a cash out refi.