Eric Dame
Triplex Investment Property Financing
I have a triplex under contract and have received the following finance option from my local bank. I have a longtime relationship with them and my credit is excellent. I’m going to pay cash initially because the tripl...
Yvonne H.
How to let applicant know they were denied
I get a lot of applicants, escpecially from Zillow, that for any number of reasons--be it income, background, credit, whatever--they don't qualify. What do you tell your applicants when they don't qualify? I don't wan...
Dani Beit-Or
HELOC and/or 2nd Mortgage for Rental Properties (w equity)
Hi, Are there any lenders offering HELOCs or second mortgages on rental properties with equity?
I'm exploring ways to access equity without selling.
Justin B.
150k and bad credit
I have bad credit; some old medical bills, one bad credit card and some student loans as well. My credit is shot for now, and I have been slowly repairing it and paying things off, but no bankruptcies.
I am...
Nickolas Poce
Loan advice for a resort.
I'm looking to buy and run a resort. I found a lender named Steve Mayer of finance holding co. I told him my credit is isn't great and that I recently found out that the resort I was interested in doesn't have any fin...
Chase Hancock
Trying to understand LOA's a little better
So recently I began studying lease options and haven't quite wrapped my head around it yet so please help me clarify things. In short these are the steps I need to take:
1. Market for low equity homes with motivated ...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Nathan McBride
Just closed second multifamily deal
Yesterday, I just closed on our second multifamily deal. I can honestly say that almost every part of this deal was influenced in some way by what I have learned on this forum, in the webinars and, especially, on the...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Mary K.
Does Fannie Mae only allow 2% Seller Credits?
Newbie here looking for advice on a deal. I put an offer on an out of state 3-unit listed at $100K (price had dropped over several months to this from $140K) and got it under contract for $95K. Not a great deal but it...