Tareq Alafranji
Strategy to repay HELOC after buying properties
Hello everyone,What is your strategy for paying back the HELOC after using it to buy rental properties? I recently secured about 200k from a HELOC with about 5.5 % interest rate. I have been studying the buy and hold ...
Sergei Voyakin
Repaying a loan in stock vs cash
I borrowed 1k from a friend and invested it into a stock which has grown to 1.5k. Instead of liquidating 1k in the stock, can I just give (transfer) him 1k in stock if he is OK with that (assume he is good with the in...
Account Closed
How does the repayment for hard money work?
So if you were to get a 100k loan from a hard lender, do you just pay them the money from your cash flow? So it'd be like having two mortgages? Or do you usually fix up the property and pull out equity then pay them t...
Luke Lattimer
Does a commercial loan usually have repayment penalty?
We are looking at a loan on a 7 unit apartment building including a house on the property. The bank is saying that a five year resetting rate on the mortgage is normal. Is this true? Also they are saying there is a pr...
Mike Proctor
What are some private money lender repayment options?
Going to pull the trigger on my first property. I would like to source a private $ lender for the down payment. I would love to hear how people have structured their repayment of private money for their deals. Than...
Beckie Trudeau
Personal HELOC Draw-Business Repayment Need Formal Agreement?
I just took a draw from my primary residence's HELOC and immediately deposited the funds directly into my business LLC checking account so that I could make a large contractor payment. Now I need to start monthly repa...
Mike Jones
Bank requesting financial info during loan repayment period
Hi all,I currently have a rental property loan with a local bank and I have been paying it for about 2 years without any problems. I just received a letter from the bank requesting last year's tax returns, personal f...
Veronica Ivy
Balancing Down Payment with Solo 401k Loan Repayment
Hi experts. I have a property under contract. I'm going to use funds from my Solo 401k for the down payment, repaying it at 4.25% over 5 years (the interest goes back to me, which is the great thing about Solo 401k lo...
Sean Robinson
Structuring Equity Raises and Repayments for Down Payment
Hello - Up to now, I've been using my own savings to cover the down payment on mortgages for real-estate. I've been trying to educate my self on raising outside equity to cover a portion, if not all, of the down payme...
Daryl Canard
Hard Money Loans: How do you afford repayment?
How do you properly use a hard money loan to purchase a rental property and then repay the lender what was borrowed plus the interest (or points)? Do you borrow the full amount of the purchase price from the HML or is...