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All Forum Posts by: Chris Taualii

Chris Taualii has started 14 posts and replied 49 times.

Thank your @Aaron Howell.  I will definitely check it out, and I appreciate your reply.

Hello BP. I have someone who is interested in investing his self directed IRA. If it's used for real estate, does it go directly to an escrow account with the title company? Can somebody please elaborate on this? Thank you.

Post: What exactly does it mean to take out a second mortgage?

Chris TaualiiPosted
  • Wholesaler
  • Palmetto, FL
  • Posts 54
  • Votes 6

@Jay Raught can you please elaborate on your 3 properties that you own with the 1st and 2nd mortgages?  Thanks.

Post: What exactly does it mean to take out a second mortgage?

Chris TaualiiPosted
  • Wholesaler
  • Palmetto, FL
  • Posts 54
  • Votes 6

Thank you @Joel Owens for answering my question.  Sorry but can you please break down what exactly is a senior mortgage?  All I know is a mortgage on a single family, and just wondering how a second mortgage is tied to it?  Sorry for the dumb question.  Thank you.

Post: What exactly does it mean to take out a second mortgage?

Chris TaualiiPosted
  • Wholesaler
  • Palmetto, FL
  • Posts 54
  • Votes 6

Hello BP.  I wanted to see if someone can please break down how and what exactly is a second mortgage?  I've heard it many times, and I do apologize if it's sort of a dumb question, but I never really understood how it works?  Thank you.

Thank you @Mike Dymski.  Fix and flip is a great example.

Great example @Chris Bingham.  Thank you very much for the great info and the breakdown.

Thank you very much @David Dachtera

Post: Sarasota & Gulf coast Florida new investor

Chris TaualiiPosted
  • Wholesaler
  • Palmetto, FL
  • Posts 54
  • Votes 6

Welcome Brittany!  On the third Monday of next month, we will be having a meetup at Beef O Brady's in Lakewood Ranch.  We will have wholesalers, contractors, fix and flippers, private money lenders, and other investors.  We just had our meeting this past Monday, and we had two private money lenders there doing a presentation about their services.  Hope you can make it out next month to network with other investors.  Best of luck!

Hello BP.  Can somebody please break down the meaning of getting paid when we buy?  If it's a buy and hold, or a fix and flip how do we get paid on the front end?  Thanks.