Hi everyone,I am planning to buy my rental property using money I borrow from my mom. I was wondering what is the tax treatment for that. Can I count the interest I pay to my mom as mortgage interest and get deduction...
I currently own 11 properties valued at approximately $1.5 million with only $250,000 in debt ($1.25 in equity). I have four mortgages among the properties, and I am finding it difficult to get financing on the purcha...
I'm located in the Detroit area and will be borrowing private money for upcoming deals. This will be my first time funding a project this way. From looking in for forums, the common advice seems to be to talk to an ...
Hello,i been stuck researching on this topic, i have lenders (family & close friends). but the lenders are denying me giving interest for the borrowed funds. im just lost on how to go about it:
So I have a creative financing situation that I need some help with.My Brother in law and I are flipping houses together and our father in law is our contractor help, but also has some investing potential. He has som...
I am 23 years old and just graduated college about 8 months ago. I do business with a family member of mine, where we invest in rental properties and do flips on the side. We have 12 properties total of which 1/3 bel...
I have competed 5 flip to landlords and working on 6-7 now and a filp to sell. I am now being approached by private money investors (friends and family) about investing. Looking for a couple people that have borrowed...
How to know if lenders, met thru BP, are legit
What does paying points on a money borrowed from hard money lender means? For example, if you borrow $100,000 from a hard money lender at 16% and it takes you 6 months from start to finish to pay it back, your interes...
Well I am looking to buy another rental unit and need about another 25k to do a total cash deal. So my question is what would be the most benifical way to get cash out of a rental unit that is already paid for?