June 18, 2024
The Smart Way to Use Home Equity for Real Estate Investments with Prosper's CEO David Kimball
What you don't know about lending CAN hurt you. That's why today we dive again into your basic options with the CEO of lending marketplace Prosper, David Kimball. He'll not only share the basics of how these products work, he'll also surprise even Joe with some...
What you don't know about lending CAN hurt you. That's why today we dive again into your basic options with the CEO of lending marketplace Prosper, David Kimball. He'll not only share the basics of how these products work, he'll also surprise even Joe with some facts about them that HE didn't know! We'll also cover how the fees and interest rates work on these loans. We'll tackle the downsides of using them, when they work best, and when you should avoid them. We'll also discuss predatory loan practices in this area and exactly how long you should expect your money after you're approved for either a home equity loan or line of credit.
In our headline segment, we'll share a story "as old as time." It's the one thing people often forget about when they purchase a property: taxes! Some people recently were surprised by their tax bill when they purchased their property. How come? There's a good answer, and it could help you avoid a major mistake when you're making your next deal. We'll talk about property taxes and negotiation on today's show.
Plus we'll answer a Deeder's question who wonders, "What could be the downside of government grants and special incentives?" Does it pay to move to a new city in exchange for cash or great deals on a home? Even better for our show...does that translate into better deals you can cash in on to rent out property or flip it? We'll share.
Of course, Doug also shares an amazing property pop quiz and we'll share so, so, so much more!
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