Justin P.
Using Roth IRA funds as down payment, not full deal
Hello, I've lurked on quite a few of these posts and have found several answers, but I have a couple more questions. I know if I use a Roth IRA to purchase a property, all expenses have to come from the Roth and all ...
Bob Flynn
Nonperforming Second Note Purchase with BK
I've made an indicative bid on a second mortgage that is nonperforming. The first appears to be performing. The combined loan to value is probably about 80% so there is equity here. I've reviewed the borrower's cred...
Shiv Jey
Short-term "gift" loan
I'm looking for ideas.I found a great house I'd like to buy but it's a month too early. On June 30th I will have the funds needed, but for now I'm 20k short for a loan. One idea I've had is to have family "gift" me ...
Tracey O'Hara
Subject to, rehab then sell
I have a scenario that I need help with please. I have a very motivated seller who wants to just sell his house for the mortgage balance of 287k. The house is in a very desirable school district, has a brand new roo...
Jeff Spahn
Are Tax Deed Properties able to be depreciated on Tax Return ?
I have a number of Tax deed properties are the able to be depreciated on tax return ? Can you include cost to make properties live able for renting ? Any information on this conversation would be appreciatedThanks and...
Moh Said
Getting a commercial property funding
I am trying to make an offer for commercial building which is currently vacant. Asking price is $950k..
How can i get help for commercial lending and what is the down payment is needed for this type of purchase.
Tha...
Deano Vulcano
I have 300k cash to invest. How would YOU use it.
I am 54 years old. My goal is to generate income for retirement. Will have approximately $80,000 a year generated from flips after living expenses to reinvest and also have a private investor with deep pockets.
Account Closed
Creative Financing Seller "Refi" for Takeover
Seller “Refi” for TakeoverThis no-money-down technique is as amazing as it is simple. Ask the seller to refinance the property for your offered price, (for 30 years fixed at no more than X%) subject to a one-time qua...
Troy Michaels
TAXES AND WHOLESALING
Im still in the beginning stages of setting up my planning. I have asked this question and havent gotten a answer. When wholesaling, when you go to closing, is the ssn or ein number required. Im setting up a trust and...
Blaise Dietz
What types of deals are funding?
Hi,
I was asked by a commercial Realtor today about what types of business loans are being funded and here was my response.
SBA loans! As most of you know, the SBA 7a loan goes up to 2 mm and you do not need to own...