Pope Lake
When to use seller financing as a seller
BP, when would be the best time as a seller, to use seller financing? I know that one of the reasons some do it is potentially at the end of their career and want to avoid capital gains taxes. But aren’t capital gains...
James De Silva
Evaluating a lender for investment loans
Dear Bigger Pockets,I'm in the process of getting pre-qualified, so I can get out there and start investing. There are many lenders all vying for our business and each have their ups and downs. How do you evaluate the...
Gonzalo Escobar
Help with 100% HELOC at 4.5-5%
Been aggressively looking for a bank or credit unit that does a HELOC product at 100% LTV at an APR of 4.5-5% and Lends in IL. So far the only credit union I have found that offers the product Tower Federal and is pre...
Syman Scarpellino
Refinancing out of Hard Money
Hey BP, closing in 27 days on my first hard money deal. Six month minimum, 30% down, 11% interest only. Loan will be for $245,000 (in California) 4/1 in poor repair with a second parcel fenced flat buildable about hal...
Richard Asonganyi
mortgage payments on multi family deals
Hi everyone.which is best interest-only mortgages or repayment mortgages on small multifamily buildings and why?thank you
Chet Pat
Interest rate payment and tax deduction
Hi, I know you can deduct your interest rate payment (on your mortgage) from your Gross income. I have a question about the cap - The limit on deduction is $1,000,000.00. Does this mean that the maximum you can deduc...
Mark K.
New home loan down payment source
We are looking at buying a new house and renting ours out. We have equity lines in form of refinanced mortgages on our rentals from which we could draw for the 20% down payment or could use funds from our line of cred...
Matthew Johnson
Liens 1st, 2nd, Mechanics
Looking at a few properties in Va. Done some research and found quite a few liens.1. Are mechanic liens required to paid or can be waived?2. How do I know the placement of a lien? First second etc.3. Average interest ...
Alecia Wiegand
Seller Financing a Flip???
Does anyone have experience in structuring an offer on a home where the seller would do financing? I don't know the best way to approach it. This will be my first flip and seller-financing could be ideal for us both.
Elliot Mitchell
HELOC Terms and Interest Rates
Hey Everyone! I'm in the process of applying for my first HELOC and have a couple questions: I've called about 10 banks and compared the terms and this info is the best out of all of them:Variable interest rate @ prim...