Rob Bowness
Calculating the Interest Using MY HELOC
I recently completed my HELOC and am trying to determine the interest that I will need to pay. I have a non fixed rate but currently is 5.5%. I want to purchase a property for roughly 140k and will need an additional ...
Matt Welch
Trustee sales
Sorry if this is in the wrong spot. What are people seeing notes go for at Trustee sales. Here in SD I am seeing 80c-90c on the dollar being the norm of comps. Is this the norm or is the Southern California market ...
Steve Portock
Is this a deal? What are the pros and cons?
This is a house I am looking to take over and move into with improving it in time.Seller owes 294, house is worth about that now.Seller had an interest only adjustable mtg on from 10 yrs ago, it converted to a fixed @...
Ivailo Dimov
My commercial lender is having me pay for construction funds it hasn't yet disbursed to me yet. What do I do?
Hi,I bought a home on a commercial renovation loan structured as follows. Before construction, the home was appraised for $80,000, and after-complete the appraisal value is $120,000. The lender was supposed to disburs...
Callum K.
Repayment of 2008 first time home buyer tax credit
In 2008 I purchased my first home and qualified for the $7500 tax credit loan that requires a repayment over the next 15 years. I made the $500 payment in 2010 and 2011 but in 2012 I converted my home to a rental pro...
Austin Ralls
Cash-out refi details
My main strategy has been fix and flips and I've built up enough cash and relationships with private lenders that I want to start getting rentals added to my portfolio and investing strategy. With that said, refinanci...
Lee S.
subject to
I've not seen the answer to this question and i'm hoping someone can help. I understand subject to and roughly how to handle a deal like that. What I don't understand is how to handle a subject to deal where the pri...
Travis Elliott
Help me spend $600,000. Looking to buy multiple units and I need a good strategy
Hi guys.A little about myself. Some years back I sold a business. I got a lump sum of cash down and then I carried the contract for the remaining portion. More on that soon. I retired young and moved to Asia. I now ha...
Travis Beatty
Confused about private money interest rate example in BP book
I’m reading through “Investing with No/Low Money Down” and am struggling to understand private money interest rates, specifically the example on page 101.
Investor receives $130K, for a five-year term at 8%, interes...
Justin Brown
Avoiding Capital Gains Taxes
Hello! My wife and I own a vacation beach rental property. With the market going crazy, we are evaluating selling the property (along with some other reasons). The area I am having trouble with are the capital gains t...