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All Forum Posts by: Daniel Silfer

Daniel Silfer has started 1 posts and replied 4 times.

Post: Where to start on real state investment.

Daniel SilferPosted
  • Real Estate Agent
  • Williamsville, NY
  • Posts 4
  • Votes 2

@Alex Salas It depends what you are trying to learn. Brandon Turner's book sounds like a good place to start for what you are trying to do.

 https://get.biggerpockets.com/nomoneydown/

Post: Where to start on real state investment.

Daniel SilferPosted
  • Real Estate Agent
  • Williamsville, NY
  • Posts 4
  • Votes 2

@Alex Salas You could also start looking at the inventory currently available in your area. Before you develop a strategy it would be good to look at what your market is doing. I agree with @Mike Dorneman also, reading as much as you can is a big help. And also look into first time buyer programs that offer down payment assistance and other low money down programs in your area. That way you can start to position yourself (credit score, money saved for down payment, strategy) for when you find the deal you are looking for.

Post: How to Cash out on a house?

Daniel SilferPosted
  • Real Estate Agent
  • Williamsville, NY
  • Posts 4
  • Votes 2

I appreciate the advice! Thank you so much.

Post: How to Cash out on a house?

Daniel SilferPosted
  • Real Estate Agent
  • Williamsville, NY
  • Posts 4
  • Votes 2

I am part owner of an LLC which holds our two rental dwellings. We bought them in cash and have proceeded to do some renovations on it. How do we get the money out to redeploy it elsewhere? On the podcasts, the term refinance is used frequently but I am not sure how it applies to this situation. Should we be looking for an actual loan? It is a mix of asset and cash flow lending?

Any help as far as what we should be looking to do to get the cash back out would be greatly appreciated.