Ken Mull
1031 Exchange for cheaper property
I'm considering selling a rental property and buying another that may be less expensive than the one sold. But the new property needs work. Can the excess funds be used to make the improvements without the tax consequ...
Carly Radzimanowski
Commercial due diligence HELP
I just got my first commercial property under contract (yay!). What are some important due diligence items I should be checking on during the inspection period? Obviously, structural, roof, mechanicals, etc. are alrea...
Dexter Knox
$20k - what would you do?
married homeowner with new baby on the way in California. Interested in an investment property/rental property. Don’t have a lot of cash, we have about $20,000. Good credit and good careers. IF this was your situation...
Ariel Cohen
NYC Section 8 Fair Market Rents
I haven't had any experience with program tenants in NYC yet but I am considering purchasing a building that has program tenants in it. So I started doing some homework to learn the programs.One part that I haven't be...
Jason Wang
Use Cash-out Refi Proceeds as down payment for a new purchase?
Can I use the proceeds of a cash out refinance as the down payment for a new purchase loan? For instance cashing out 280k from my primary residence and use it as down payment to purchase a 700k investment property.Tha...
Stephanie Wells
HELOC For Down Payment + Using Cash Out Refinance to Pay it Off?
Looking to either HELOC or COR on a duplex I have to get some cash to use as a down payment for another investment property. Although we'd get more cash from the COR (about 160K) the fees are insane, and I'm not sure ...
Brittany R.
Can I refuse cash as payment on a new lease in NYS?
I want to stop accepting cash as a form of payment for rent. I want to accept only money orders, checks, direct deposit and or electronic payment through Zelle. I've tried to find an answer online but, I can seem to f...
Bryan Malone
HELOC - Is it better to use it as cash or down payment?
Hello all,I'm considering taking out a HELOC to help finance my first deal in the Memphis area. Is it better to use the funds as a down payment on a conventional mortgage (potentially on a larger home that may be more...
Brent Paul
100k cash for 1 house or a down payment on 2 houses?
Hypothetically The house paid for in cash would rent immediately for 1500 per month.
The other 2 houses would rent for the same amount.
Before even running any numbers just looking at it would you consider one ov...
Westlake John
using funds from cash out refinance to fund down payment on inv
Currently in contract for an investment property, I am doing a cash out refinance at the same time to fund the down paymentQuestion: For the cash out refinance will that need to close before we close on investment or ...