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All Forum Posts by: Guy Levy

Guy Levy has started 3 posts and replied 3 times.

I want to take a mortgage out after closing with cash, for some partial amount of the houses' worth.

I saw there is something called 'cash recapture mortgage' or 'delayed financing'.

What are my options here? Is there a time limit after closing (90 days/6 months) where after which something changes? Can I just take a mortgage anytime? Can I still claim the interest as tax deducible ?

Thanks

What happens if we buy a house and then it turns out the seller has liens and a HELOC loan / debt that is larger than the sale price?

Hi,

I'm new here and looking for my first property but find myself overwhelmed with a lot of data. I don't know if a deal is 'good enough' or not. I know there are tools and spreadsheets (and books) but I'm wondering if there's any way to access a person to ask questions. Someone with more experience. I realize everyone is busy. Is there a route or service like that?


Thank you