Vaishal Patel
how can you claim mortgage interest deduction on your third property?
The limit for interest deduction is 2 properties.I am sure many of you guys here pay mortgageson more then 2 properties...is there any way you can take deduction on your 3rd and 4th property?
Sean M.
credit line vs refinance what's the difference
I brought for my 1st rental and plan to brrr it. A bank is willing to give me a line of credit on the house. What's the difference between a line of credit and refinance? What's the pros and cons.
Tony Tran
Using Hard Money and Partner Question
BP,I'm currently working with a partner on a deal. We made a conventional financing offer on this property, but the Seller and/or their agent came back and said they will only take cash. Long story short, they just a ...
Matthew Kaufman
Financing for Duplex
Hey everyone,Exploring financing options for a duplex in New Haven, CT. The lender my agent put me in contact with is telling me that rates for an investment property are currently low 7's with 2 points. 30 yr fixed n...
Kate C.
Sell or cash out - 3% interest on 1M loan or refinance 15 year investment
Dear BP community- Thanks in large part to this community and a hard work - we are in a good position but have to make some decisions about a possible move for a new job. We purchased a home in CA three years ago for...
Frank Teshima
Using private lender's HELOC to fund 100% purchase price.
Hey everyone, I have found a potential private lender to fund my deals, and i am wanting to use their HELOC to purchase 100% of the property. I am having a hard time trying to figure out how they would make money. I a...
Peter Morgan
Parking 100k in HELOC better than parking in savings?
I hold a 30y conventional mortgage and 100k in checking account.i have been going through a lot about velocity banking these days and trying to understand it conceptually.Would it make moresense to park 100k in HELOC ...
Account Closed
Quick Check on this hard money payoff quote
I borrowed $141k hard money at 7% interest-only and escrowed ~$10k with them for repair costs (not sure if that matters). My monthly payment on the hard money is $822.I'm now trying to refinance into a conventional mo...
Greg Moran
First investment loan default. The saga begins
Investment Info:
Single-family residence private money loan investment in Enid.
Cash invested: $27,600
Contributors:
Matt Mesick
UPDATE: (10/02/2022): Borrower has defaulted on the loan a...
Jeremiah Miller
Home Equity Loan
Hello, I'm just getting started in real estate. I'm learning ways that I can hopefully buy or make a large down payment on my first rental property. A home equity loan or HELOC seem to be my best options right now. Al...