Account Closed
Why am I ALWAYS getting negative cash flow?
Why am I ALWAYS generating a negative cash flow? I already own a home I live in, and want to invest in another property nearby. However no matter which house I look at I never can seem to come out positive! This vi...
Andres G. Hernandez
How can I jump into my second property?
I want to get into my second property, but having trouble on how to go about this. Im debating on getting a HELOC to put a down payment for the investment home or getting a personal loan. I could also wait and save fo...
Aaron Antoniello
Buying first investment property
I am interested in purchasing a single family home as an investment property. I currently do not have the 20% for the down payment buy I have excellent credit and I am interested in using a personal loan for the down ...
Cody Z.
LoC or Personal Line - Need cash while waiting for BRRRR
*Reposting from the Creative Financing Sub Forum*Hi All,I am looking for ideas of what other investors recommend doing while waiting to pull their cash out of a BRRRR?I have been thinking of asking for a Line of Credi...
Alycia Ludden
Getting a personal loan to make a cash offer on a repo?
I have an opportunity to purchase a foreclosure that I think will be a home run. My realtor suggests making a cash offer. We purchased our current flip with our heloc and maxed it out, however we are in the last stage...
Corbin Jones
Private money loan questions
If my friend buys a house for me in my name and we have a personal loan on the amount used to purchase the home, is there anything illegal about that?As a second option, if we go the route of him lending me the money,...
Kevin Auyong
write off loan against car to buy rental?
I am looking to buy a rental house all cash. Purchase price to be between 20 to 30K inc repairs.To fund this I am refinancing a car I own free and clear now for $30K. Is there any way I can write the loan off?If so w...
David Guglielmo
Can I use a personal loan towards a down payment on a house?
I was recently pre-approved for a 60K conventional loan (investment property, 4.3% interest) . I need to put 15% down (9k), closing costs are waived if I buy in a LMIT area. I wanted extra cash on hand for repairs/Cap...
Yi Ke
Pay of debt with proceeds from current home sale before close?
*offI have a sale contract and looking to buy a new home, using part of the proceeds as down payment. I also have a personal loan that I want to pay off and will also help with DTI. For approval, is it possible to sig...
Juan Martinez
How to split a down payment?
I am selling a house and a friend of mine is offering owner finance up to $133k. I sold the house for $142k. The buyer needs a $9k down payment but they only have half of it at closing and the other half 30 days after...