I am finishing up the rehab on a property, and in order to do this, I took a signature loan to acquire the last bit of capital needed.I transferred the full amount of the loan into my business checking, and setup auto...
Good Morning!
So as a newbie I am curious. If I was to make the down payment on an investment property via HELOC, how do you typically go about paying it back? I know they are interest only for 10 years, but that obv...
If I get a loan to buy a rental property and fix it up, how will it start making me income until the loan is paid for? Wouldn’t the rent just go to making the payment each month?
Not sure where else to post this, so I'm posting it in the "Starting Out" section.Am currently a W-2 federal employee and recently qualified for a public service loan forgiveness program. Basically, I am put on an inc...
In the last 3yrs, I have loaned a couple some money that has totaled approx $15,000. This includes cash and items charges to my credit card on their behalf. Yes, we have a contract and I keep the receipts. As we appro...
So not sure if this makes any differences for tax reason buti was thinking of using my 401k money as a loan towards the down payment for a multifamily rental. I don't plan on opening a LLC .. Could i take any of the ...
So I'm saving every penny reading educating daily to get to where I need to get to buy my first house hack. Only thing is I have near 100K in federal college loans at 6% intetest rate.About 18 months ago I joined inco...
Does anyone else feel this way? One of the things I love about being a CRE investors is when the 1st of the month comes and my tenants pay down debt for me. I love to see the debt lowered every month with principle pa...
I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...
Dear all,
I am a newbie in real estate and would appreciate your advice. Here’s my situation: I bought a single-family house in France 3 years ago and the current balance of my mortgage is 120K Euros (16 years mortg...