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Hello everyone!I'm beginning to scale my rental portfolio and using funds from a HELOC to cover cash to close on my properties. I was using HELOC payment calculators online to gauge the cost of the cash to close per p...
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Hello,I bought an investment property with cash from the HELOC on my primary residence. Can I deduct this interest payment as expense on my investment property to offset the rental income?Thank you for the responses/h...
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Hello BP,I recently found someone that is willing to loan on my first BRRRR deal. It's both our first time, me using private money and him lending. To keep it simple, let's just say I am asking for 100k loan (purchase...
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I am looking to partner with a reliable loan broker for both commercial and residential loans
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Hey guys I would like to understand something Purchase price: $270KReno: 70KARV: 420K My lender fund 75% from ARV which is 315K , it covers the purchase price also he covers 100% or rehab , I need explanation about t...
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So, I always get those "checks" in the mail from the Credit Card company for 0% financing for 12 months. I'm trying to find a way to use them to help lower my amount in a property akin to using OPM.Basically, I will c...
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I am seeking a private lender for my next deal. I want to build a relationship with someone to help scale my portfolio and also increase your return on your investment. Can someone give me an example of what a private...
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Hi All -
Apologies if this has been discussed 10,000 times before, I searched the forums and struggled to find an answer to my exact questions. I plan on speaking to an accountant closer to tax time, but figured I’d ...
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I am working on a deal to rehab three multi family properties in North Carolina. I own two of them out right and one is under contract. I am looking for a lender who will be able to loan construction money interest on...
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Hi BP'ers,Needing to refinance 2 properties, one in PA and one NJ, following a cash purchase. I purchased using a line of credit guaranteed from investments. current bank is offering commercial mortgage at 4.75% on my...