Lisa Marie
Additional capital contribution or loan to my LLC?
Hi, my husband and I are 2 members of an LLC (treated as a partnership). We decided that it's easier to buy a rental property using cash instead of trying to find a mortgage under the LLC name. We have some cash sav...
Jorge G.
Is this seller finance deal good or bad
Seller has offered to finance his 600k property with the following terms:
10% down payment and 6 percent interest rate. The goal is to wait for rates to go down and me refinance in 3 years for a better rate. The goal...
Michael H.
HELOC for down payment
My personal home is paid off and I am looking to obtain more rental property. I have a HELOC (I am going to switch back to an interest only loan) but all of the bankers I have talked to say I can not use it as a down ...
Kevin DeMaio
Cash Out Refi vs. Home Equity Line of Credit
What would my fellow BPers use to get started off on their first BRRRR. Using a primary residence, would you cash out refi or use a home equity line of credit and why? What would the personal pros and cons be for both...
Jennifer Bott
HELOC Interest Deductibility Used to Purchase Rental Properties
We took a home equity line of credit out on our personal residence, and used 100% of the funds to buy 3 rental properties. My first question is whether the interest deductibility is subject to the 100000 loan limit. ...
Brian Lepo
Private Money loan early payoff?
I have a private money loan on one of my rentals that I would like to start making double payments on. The loan is structured with no early payment penalty and the application of payments as follows:All payments shal...
Philip L.
Cash Out Refi Options
Got a property in Michigan with no debt, has tenant - I normally use DSCR loans but loan costs and interest rates seem excessive right now.Spoke with all the local credit unions and banks none of them are willing to d...
Marcus J Richardson
Private, Hard Lender Questions???
Hello,I have a couple of questions i would like to ask about using a Hard Money Lender and a Private Money Lender. First i would like to know at the closing does the hard money or private lender also go to the closin...
Kaylee Walterbach
Is HELOC interest a deductible expense?
Hey! I used a HELOC for property expenses. Is the interest on that HELOC a deductible expense against that property's income?
Aaron Barfield
Renovating Investment Property
Good day, I am new on this platform. Is there a recommended lender that can provide a bridge loan, not based on credit or income, so I can finish renovating my triplex? I will repay the loan when I refinance with my c...