Does he have rolling balances for any tenants and how large are they?  

It appraised for $110,000 there is a $40,900 balance on the mortgage with a $36,300 "Forgivable Loan" from the Federal Government.

You might even want to ask them the loan balance on the home, if they are behind on the mortgage etc. 2.

I assume the contract says subject to the existing mortgage dated XXXX with a balance of approximately $X.

Though you can indicate the ownership on your balance sheet, and any retained earnings will show up as an asset.

With a 401k you can typically take the greater of: $10k or 50% of your 401k balance as a loan up to a maximum of $50k.The interest you pay is going back to yourself, at a low APR, and you're now using pre-tax money to help with repairs, a down payment, etc.My current properties have all been financed post-tax but eventually I plan to buy a property using a loan from my 401k + conventional financing.

The property was 145K and I put down 25K and borrowed the balance.

I'm torn on the striking the right balance between taking care of your asset for the long term, and wasting money on something that already has thin margins.  

His goal is to grow wealth through real estate investments with a balanced approach, minimizing time commitment, and maximizing returns.- He recently inherited a 3-bedroom single-family home in Fremont, CA, valued around $1 million, currently rented out for $4,000/month.Alex's main concerns are balancing his full-time job with the demands of real estate investment, managing cash flow effectively, and understanding the potential tax benefits.- What investment strategies should he consider?

Currently, I have my primary home loan, then a HELOC that has over $200K capacity ($50K balance remaining on it, but should be paid down in the next 3-4 months), so $155K or so available to draw on my HELOC at about 12%.