John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Keenan Patton
BRRRR Cash Out Rates Killing Cash Flow and Prepayment penalties
My goodness have rates been off the hook lately. Working my butt off to refi out of a interest only I have and the rates are crazy. I'm looking at almost 11 percent on a 5 year ARM. WOWSERS! I have the option to roll ...
Rick Im
Tax deductions after refinaning a rental property
I have two questions regarding mortgage interest tax deductions.
First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment. I under...
Dushyant Ravi
Multifamily loans interest rates & pricing 101
I receive many pricing guidance requests for Freddie & Fannie Multifamily loans, so I figured I can shed some light on how I as a banker price loans. This will largely be focused on how agencies look at pricing bu...
Daniel Rutledge
Can I dedect interest from a hard money loan?
Short question: Can the interest from a hard money loan be used for tax purposes the same as a conventional mortgage? What if it is an interest only loan can it all be deducted on your taxes? Thanks for any input!Sorr...
Roy Means
Hard Money, Bank, Private Financing ?
Ive decided I want to create financial freedom through real estate investing. And the BRRRR method (Multi-unit) is the way I want to go with flips on the side. Im about a month in on learning and self educating, I ha...
Joshua J Cawthorn
San Diego/Hillcrest Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,215,000
Cash invested: $367,500
Used an interest-only loan and put down 30% to acquire this 2-unit buildi...
Matt Fleischer
What’s the best way to tap equity without selling?
Is the best way to tap equity without selling an interest-only line of credit, reverse mortgage, or something else? Here’s an oversimplified version of the situation:
Bob owns 5 Class A single family rental propertie...
Taylor King
Investment Heloc vs. cash our refi
Hi smart people,I am deciding between pulling capital out either through an investment property HELOC or cash put refi. Which would you choose and why?HELOC~60k out (80% LTV)-no origination fee, $99/year which can be ...
Eric Anderson
Understanding Owner Carry
Good morning all in BP...What are the pros and cons of owner carry deals? Both for the seller and buyer?I've seen a triplex listed that states owner may carry. My wife and I want to house hack an MFR to get start our...