4 January 2025 | 0 replies
How did you finance this deal?
4 January 2025 | 0 replies
He did a good job but looking back on it now I think I could've done alot better with more insight and direction How did you finance this deal?
2 January 2025 | 5 replies
Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.
2 January 2025 | 4 replies
Look into seller financing or subject to properties in the area that you want to purchase.
2 January 2025 | 1 reply
I have also utilized owner financing for longer periods of time, including personal residence and 2 barrier island houses on the coast of Florida.
4 January 2025 | 11 replies
"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"
4 January 2025 | 5 replies
If it does vest, then the 2nd isn't currently $8k and the paperwork could further help your case.Other option is to completely ignore the equity in your residence and look for creative financing on the property you want to purchase.
2 January 2025 | 2 replies
look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..
3 January 2025 | 12 replies
.), I'd recommend that the residential units fully cash flow the loan as my experience is that mixed use properties are tougher to finance as most lenders tend to prefer one or the other and something in the middle gets more difficult.For example, and granted I don't know anything about the area/neighborhood, I would expect this property (https://www.realtor.com/realestateandhomes-detail/111-NW-Har...) to be easier to finance than the mixed-use property you mentioned.
5 January 2025 | 18 replies
Their advantages include house hacking which includes better finance options and hustle.My last purchase was so large cash negative that the rents were $3k less than PITI.