Account Closed
Buy and Hold Single Family Home
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $265,000
Cash invested: $55,000
3 bedroom / 1 bath house in Prince Edward County
Purchase Price: $265,000
Renovatio...
Steven Moore
Compounding interest question
I hear a lot of talk about compounding interest on rental properties. I’m curious of how everyone out there does this and what methods they find to be best?
Al Pat
Investment loan Interest write off on taxes
For those of you, who use primary home line of credit or equity to buy rental property. How do you write off or claim the interest on that loan on your taxes. Given that you used that loan to purchase your investment ...
Jonathan Cisneros
Mortgage linked Checking Acciunts
Has anyone heard of a mortgage that has a checking account linked to it and at the end of every bill cycle(like a credit card statement) the mortgage company will check your balance and reduce your principal by what i...
Mario Ta
Financing out of lease purchase
I'm looking to purchase a small rental that I'm currently renting at the end of my lease purchase agreement. I'm looking for a private lender cause I don't qualify for conventional mortgage. My thoughts were
8% amor...
Nancy Lucca
Mortgage loans lenders aren’t allowed to advertise
I heard there’s certain mortgage products that bankers aren’t allowed to sell or advertise because the bank makes no money on them. What are they? Does anyone know? The bank makes more money on a 30 year fixed rate mo...
Cameron Wells
Financing Advice on New STR Construction Build
My father has roughly 14 acres of land about 15 min west of Asheville. He has given me permission to build an investment property on this land which I feel very fortunate for this potential opportunity. I am leaning t...
Annwar Matani
How do Hard Money Loans work?
Hi everyone
Can someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you w...
Michael G.
Refinancing a rental
Hello,I have a single family rental located in Connecticut that I would like to refinance to extract equity. The current mortgage is $153k and the current value by a local trusted realtor is $270k +/-. I plan to inve...
Michael Dunn
HELOC Question please ..........
Good Morning,How would my DTI be effected, assuming I take out a 10 year HELOC ( maybe I should opt for a 20 year ? )If I take out a 10 Year HELOC , won't my " Minimum " monthly payment be JUST the Interest ( If that'...