Financing Question
I'm sure that this is pretty basic, but if a seller is willing to hold some of the mortgage, then does that allow for a 95% investor loan, or does it actually still require money out of my pocket???
I'm looking at a property that the seller will hold 5%, so then can I turn around and get a loan for the rest?
You would still have closing costs
Lori
[addsig]
But besides that, would I have to have a downpayment, or would the seller carryback count as that?
If I put all of my profits from real estate deals into a LLC company account would I have to pay the capitol gains tax or would it be deferred. Thanks Craig
If you place a property in an LLC, the LLC would have to pay capital gains tax instead of you. Either way it must be paid unless you can defer it using a 1031 exchange.