Glenn Espinosa
Principal payments built into construction loan
Believe it or not, I have been able to complete 2 successful rehabs now without having a full grasp on the loans and financing part of the equation. For my last two flips I've simply used the 20% ARV rule and used tha...
Kristina Banuelos
Financing my first rental property
I am looking at purchasing my first rental property. It has 4 separate units on it and currently is producing $2500 a month. It is in a College town that is growing at a steady rate. We have negotiated the price at $2...
Jeffrey Odu
FHA loan for. Fourplex terms
I’m interested in applying for an fha loan, i wanted to know if it’s possible to do an INTEREST ONLY when you apply for the loan? thinking of ways to maximize cashflow......
Samantha Derman
HELOC for Fix N Flip in LA
Hi all, looking for advice before I pull the trigger on a HELOC on my own home. My goal is to use the money for fix n flips. I definitely qualify for a good chunk, but trying to decide if it's better to get an interes...
Edet Umoren
One-time close construction loan with VA
I am currently on active duty and looking to start my Real Estate journey as I retire in the next four years. I know about the VA's One Time Close Construction loan for us veterans. I want to use it for a fourplex som...
Aaron Brown
Fourplex for $98k, Independence MO, tell me if this is a deal!?!?
Okay, i need your help BP! I have an older fourplex under contract in Independence Missouri for 98k. I've done my due diligence and below are the actual numbers, or averages.Monthly expenses:96Ins141tax178Management...
Bryan Hancock
Imputed Tax Dodge? Longer Amortization Period
If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IR...
Codey Yingling
Cash out Refinance - which bank to use?
My brother and I are looking to do a cash out refi on our duplex. I am curious, what is better; finding a traditional bank/local bank to work with or a non-bank lender (Loan Depot, New American Funding, etc..) Would...
Jim Hlavacek
HELOC Interest paid on investment property tax deductible
With the new tax laws that have changed, I see that you can not write off interest paid on a HELOC on your "primary residence" unless it’s used for the repair, improvement or purchase of property. My 2 questions are, ...
Daniella Steinberg
Calculations when using LOC
Hi - I was wondering how to adjust my calculations when using an interest only loan or a revolving LOC for a buy and hold property. I know I can update the loan cost to just show interest, but it seems like that still...