Ross Alcorn
HELOC Options on an Investment Property
Does anyone have any recommendations for banks that do HELOC's on investment properties at interest only? I've used two separate good products for my primary homes in the past but looking at potential options for an i...
Edward Peugh
Isn't it really all about LTV??
BP,I am a seasoned investor with a number of rental properties.I have used many forms of financing to include standard “conventional” financing, to more creative forms like Seller Financing, and Lease-Options.As a res...
Hannah Joy
Hard Money Loans - going rates and terms
Hi there, I recently acquired a hard money loan at 6% for a project, 3 months for construction, 3 months of interest only. I thought that was negotiated well but I'd love to hear from others - What are the going rates...
Michael Dallas
Seller Financing deal
Hello everyone I am currently house hacking my first house and am looking to do a seller financing deal. There is a house in my market that has been on the market for over 100 days and has received no interest. There ...
Alberto Vargas
Options to exit hard money
Have a property in TX (Dallas county), going through rehab, likely to be ready in 3 weeks. Hard Money total note is $187k, arv: $275k -$285k. Trying to keep it as long term rental, I'm getting 5/1 arm starting at 7.4,...
Cheri Banet
Refinance or Not to refinance
Suppose you have $46,000 mortgage at 8% interest on restaurant, $22,900 SBA loan, $3,900 at 1.75% interest on a microloan, $23,00 on temporary 0% interest credit cards all for the same business totaling $95,000 in deb...
John T.
HELOC tax advantages?
Hello BP:We recently used a portion of our HELOC as a DP for our 2nd investment property. I'm reading that interest on a HELOC can be a tax deduction. Is this correct? Am I able to write off the HELOC (2nd investme...
Stefhan Malherbe
Cash out refinance interest rate for a forgein invester
Hello,I am a forgein investor that owns my properties in FL via a FL LLC. The properties have appreciated well over the 6 years I've owned them. I am working with a mortgage broker but would like to get a second opini...
Wences Lopez
Investment Interest Expense
hey everyone, I was having a conversation with my boss & she asked if I’m writing off the interest on my properties as an expense. I had no idea this was even possible. Anyone else do this? If it matters my invest...
Nick Winfrey
Cashflow OR Appreciation
Cashflow OR Appreciation?? Need advice on cash out refi or leave as is...
Details:House #1 purchased in October 2020 for $150,000 using conventional finance, 20% down and 3.75% interest for 30 years. Currently rents...