Will Mckenzie
Borrow money or use all my cash
Hi everyone. I’m on my 3rd flip but still have plenty of questions. I’m in the process of buying a gutted 3/2 for 290
rehab 75
sell 550
I have just enough cash to buy it and rehab half. Is it better I borrow more...
Helen Shaw
Joint Venture with hard money vs borrowing
I have spoken with a hard money lender but am still a little confused. He wants me to a joint venture which means he will fund the project 100% and do a 60/40 split if i get it done in 4 months. If it takes longer it...
Conor Kelly
Using borrowed money as a down payment?
Hi guys,
I was hoping someone might be able to answer this for me. I live in Vancouver BC, currently investing in Windsor, Ontario. I bought my first rental property there last year and its doing very well. Now, of c...
Michael Breedlove
Borrowing Family Money towards Multifamily Owner Occupant
Hey BP, My wife and I are in the process of potentially making our first real estate investment and purchasing a 4-plex. We will be using a conventional mortgage, putting 5% down, and paying the Mortgage Insuran...
Andrew Pettit
Borrowing MONEY for RE Investment from Family
Morning,
I am looking to borrow money from my parents and was wondering what contractual considerations I should consider moving forward.
Thanks
Frank Yaccarino
can money be borrowed from retirement funds
Can or is it advisable to borrow from a retirement account to do a deal? If yes, to whom is the interest payed to? would it be to my retirement account? I need capitol to finance my first deal. Is it possible to do ...
Bobbie Dancy
ways to borrow money in between brrrr
I'm curious on a good strategy of investing in between a BRRRR. For example, wholesaling for capitol for a project as the next 6 months pass by. How do one borrow money in this period. Can a corporation qualify and b...
Dona Lontok
Will borrowed 401k money get double taxed?
Hello BP, I have this nagging thought in my head: will borrowing from one's 401k cause double taxation? Since it's being paid back with after tax dollars, then get's taxed when it is distributed at retirement.
Lou M.
Should I borrow or use own money?
I've been told that having too much equity in rental properties is not good. But I have resources that are not working for me. We all know what banks are paying in interest these days. The stock market is too risky. S...
Charles Huang
Borrow from hard money then refinance it ?
What's the cost of borrow it from hard money first so you don't get outbid from those all cash buyers . Then after closing to refinance it through traditional mortgage channel ? Would that be ideal ?