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...
Matt Inouye
Seller Finance - Early Repayment Request From Note Holder
Hello BP Community,I have been approached by the holder of a seller-financed note (for a property I purchased from them) asking if I would be able to repay my note earlier than agreed. They understand that it would h...
Megan Arzt
Is this the time to repay my 401k loan?
A couple years ago a took out a 401k loan. I am considering paying this off now while the market is low (it had been so high I was holding off). I'm hoping that if I pay it off now it will ride the market up when th...
Glen E
Will land trust invoke repaying the 8000 tax credit?
I understand the $8000 tax credit must be repaid if the owner sells the property within 3 years. I have an older relative who just bought a house and got the credit. He plans to occupy the house as his primary resid...
Scott Passman
Now is NOT the Time to Accelerate Debt Repayment
There are few times in our history where there’s been more uncertainty about what things will look like in the short-medium term future. There have been a lot of posts on BP espousing opinions and predictions about w...
Callum K.
Repayment of 2008 first time home buyer tax credit
In 2008 I purchased my first home and qualified for the $7500 tax credit loan that requires a repayment over the next 15 years. I made the $500 payment in 2010 and 2011 but in 2012 I converted my home to a rental pro...
Shawn McCarney
Have questions about hard money lenders and repayment schedule
Hi, I live in Nashville and I'm looking to buy my first rental deal and use it as a BRRRR. Wondering how to get money and then pay it back. Does HML want to be paid back on a monthly payment or can I just pay them ba...
Jessica Prochniak
Use Cash Out Refi to Repay myself for Improvements?
Hi All,I've done several significant improvements to my primary residence over the last 3-4 years paid in credit/cash. If I do a cash-out refinance on the primary to pay myself back for these improvements, would inter...
Brandon Sturgill
Structuring a Balloon Am Schedule with Graduated Repayment Plan?
I am working on putting together a balloon mortgage with a 6-month graduated repayment schedule to permit stabilization of the asset (a storage facility). How do the first six payments affect the the monthly payment a...
Nikki Closser
How to repay the initial HELOC or cash out?
Hi! This is my first post and I'm new to listening to the podcast and my mind is blown! I was listening to episode 270 and at about 21 minutes, Amy talks about how she did a cash out refi on her primary home and bough...