Right off the bet, the reason I don't want to borrow is that dealing with interest is against my religious beliefs. I am preparing to move to Tampa Bay in 3-4 months, I will be renting for a while so I can use my $350...
Hey everyone! My name is Mika Guillen and I'm a 2nd year college student. No W2 Income but have enough money for 3.75-5% down payment on an owner occupant multi-family property. Planning to partner with my parents as ...
Is interest rate cap payment received by the borrower considered income?
Is the following statement true:
Under Generally Accepted Accounting Principles (GAAP), interest cap premium payments received by the borrow...
Is there a way to search local departments to find out if someone has borrowed against a property? An investment partner owns a 1.8 million multi-family (3 units). One unit is rented, the other two are not in good sha...
So, I'm on to my next property (buy and hold). I'm wanting to put as little cash as possible up front for the next one. I'm buying in the 10-25k price range. I have two credit cards. Current balance of $0 on both...
I was hoping someone here would know the answer to this, I want to make sure this is not considered a prohibited transaction. Can I lend money from my self-directed IRA to a company and also make a private loan to th...
I am trying to create a contact list of Private money loan brokers.
This list will enable borrowers and lenders to be able to have direct contact with loan brokers.
Please add your contact information to the list, an...
Hi good people,I bought my first home last year and co-signed on the loan with my dad. My wife is on title for our house, but not on the loan. Does that situation make her liable for the loan in the eyes of another le...
Came across what appears to be a really great deal on 3 new SFUs from a single seller. These will be rentals #s 3-5 for me so I know what I'm getting into. Currently thinking I'm going to finance via 2 traditional mor...
Seeking a $65K HELOC for rehab & repairs to my primary residence so that it's in good enough shape to house hack.
Rates suck. That's something I've accepted. Otherwise, are there any recommendations for a lender ...