All Forum Posts by: Jesse Aaron

I have one property bought with hard money. It balloons soon so I could just sell and use the profit to move into my next deal. But if I can refi and pull equity i think that would be better. I don't have a w2 income. I work many odd jobs, have the rent income, and work as a re agent. It seems like I don't qualify for most(if any) loans of any sort. At least not yet. What should I do? 

 Got it all taken care of. Wrote the loan up and included the interest. Everything is above board. And more importantly I gained great knowledge and resources from yall. Thank yall again for the help. 

 Thank yall so much. Yall have been a huge help. 

My aunt is loaning me cash to buy a property. I have two years to pay her back. She's charging me 0% interest. My plan is to rent the property until I can refinance it through a bank with payments to her along the way of $200 a month and a balloon at the end when I refinance the property. Of course I can't get ahold of my cpa and my closing has already been pushed back once. I'm curious to know how the loan should be drawn up. And if/how much taxes she will owe since she isn't making money on this transaction. Only getting back what she's put in. Also what taxes fall on me other than property taxes. I'm in Ga. Likely searching for a new cpa.