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I discovered I could get access to a couple lines of credit recently, so I went ahead and opened them. Then I realized I wasn't quite sure how to use them to invest in real estate. From my research, it seems like the ...
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If I purchase a home of 100,000 and put 20% down on a 30 year fixed rate mortgage at 5% interest, then the loan amount is 80,000. If 5 years later, I want to sell the home and it is worth 120,000, and the loan balance...
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Greetings,I’m here seeking guidance on a potential deal. The property in question is a commercial property with 9 apartments and one retail space that intend to place my business in. The goal is to own the property in...
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I have two checking accounts – checking 1 [day to day] and checking 2 [deposit accounts]I also have a long tem liability account setup 2300:2306 New River Security.I am not refunding this security – I want to move it...
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Let's say someone has an interest only line of credit secured by investment property, and that line has a $100k limit at 5% (using round numbers for easy math). Bank pays closing costs for the LoC, but borrower is re...
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This is my first Bigger Pockets post, hope someone would like to comment. I have an opportunity to buy a 2nd lien note and was hoping for some advice. I am in this with someone else that is much smarter than I but wan...
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Hello everyone, I need advice in reference to using a HELCO or Bank Construction loan to build a new home. I have a lot and I want to build a new home on it as my primary residence. I currently own a home with a lot o...
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To me that is real money...if we pay property taxes early in November we save money ...then a little less in December ...January etc...till you are paying the full amount with no savings in March ...not sure why anyon...
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My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a...
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My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a...