Kyler J Sloan
Self-financing -- Snowballing Method
I plan to buy my first house by the spring, but would like to have a plan for financing properties as I scale long term, but am not sure how feasible my current plan is, considering that I have not heard of it before....
Chris Marte
Lenders that offer HELOCs on Co-ops
I'm currently shopping around for a lender that will offer 90% LTV on Co-ops. I know some of the bigger banks service HELOCs on Co-ops like Chase, Citi, BofA but their LTV is 70% I believe. Some lenders that offer 90%...
Derek Scott
HELOC interest deductible?
If I use a HELOC on my primary residence to rehab houses that I don’t live in, is the interest still deductible in 2018? I understand that it is not. Any thoughts?
N/A N/A
Refinancing question
I have a question (I will be using fake numbers), say I bought a property at 100,000 and put some rehabbing work in. I only had 10% (10,000) at closing so I needed a 80/10/10 loan, loan value = 100,000-10,000=90k
So ...
Kelsey Outram
Newbie learning about Turnkey
Hello All,New member here and I am looking to invest in turnkey properties based on the comfort of a more hands off approach but I am also trying to understand the logistics of being able to take out a home equity loa...
Micki Sluyter
Refinance
We currently have two rental houses. I'm wondering about refinancing our primary house to free up a line of credit to purchase another property. What are the downsides to refinancing? We have two mortgages on two sepa...
Jonathan Measor
Gifted a house with a mortgage... What to do?
My wife and I were married last year, in June. We were gifted a house in Myrtle Beach by her parents. Since they themselves bought the property, deciding instead to remain in Philadelphia, nothing but a HARP Loan has ...
John Cervera
Parents House, Can I "buy" it?
Hello y'all,My parents own their home, and are in their mid 70's. I have a daughter with severe special needs, so me and my parents are trying to figure out a way to generate some income and stability for her long ter...
Brian Braunhuber
Want a HELOC what is the best Bank?
Hi all, I wanted to get a HELOC on my rental and wanted to get some recommendations for banks to use. The rental is in the Portland, OR metro area but I live in the Austin, TX metro now. Should I get a local lender in...
Josh Hollman
Strategy to obtain 2nd rental & rid of cc debt
Hello all, good day! May I have suggestions with my scenario. Was out of work for 9 months and also during that time my father had passed. I accumulated about 50k in bills/expenses on cards during that time and anoth...