Lesa Palmer
Question about HELOC interest tax deduction
Last August we took out a HELOC on what was our main residence, to use as a down payment on a new house, which is now our main residence. We turned the first house into a rental. Under the new tax laws can the interes...
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Remortage for a down payment?
I am buying a house for way under value in 2 months. I was going to remortage and cash out in a few years and put 25K down on a duplex. Someone told me that it is very hard to get a mortgage if you took out a home equ...
Scarlet Watson
Help, creative financing possible?
I have a contract on my home with the buyer putting 25% down. It is currently in escrow with my real estate lawyer. I have an equity loan on the home at 75% of the appraised value of the home. Yesterday I was pr...
Eric Jones
Best Way to Pull Equity out of Primary Residence for Down Pmt
Hello,I live in Rochester, NY and currently own one rental property, and will own my primary residence free and clear within about two years. My current house would make an ideal rental for several reasons, so my goal...
Derick Whitley
This could be my first deal, help needed!
hello all,I have been reading a lot and am very interested in creating wealth in real estate. I was trying to move my family this year but couldn't due to my financial situation. I current own a home and would like t...
Brandon Moss
How to get capital for a first project?
I want to get into a flip or a BRRRR as my first investment but I have zero to little cash ($5k). I do have about 35% equity in my home, which is worth around $190,000 based on comps. I have considered both a cash out...
Jason Poquette
Having Trouble Getting Cash Flow for 1st Property
Hi. I'm brand new here. My wife and I own our own home and have about 5 years left of the mortgage. But I've never owned an investment property. I would like to get into this. I'm interested in multi-families with 2-3...
Account Closed
Loan for Property - $40,000 List Price
Does anyone have any ideas on how to get a loan for a $40,000 property. I'm having trouble finding financing for a duplex. I have a single family that is paid off, but I am running into trouble in a few different ways...
Steve DellaPelle
Cash-out Refinance...Title Closing Costs Necessary?
Hello all,SFH Investment Property Out-of-State:I currently have a Home Equity loan...$98,000/ 5.8%/ 20 YearI am trying to cash-out refinance to a conventional loan...$150,000/4.875%/30 YearMajority of the closing cost...
Laurie Bachorek
First Flip Funding Strategy
We are getting our ducks in a row for our first Flip and looking for your comments/advice on our strategy.
We have about $160k equity 5 years in on our primary residence. Principal balance is $208k at 3.625% (includ...