All Forum Posts by: Kyle Scofield

@Account Closed it is public information and can be bought at your local county's office, usually for a small fee per report

@Account Closed sounds like you've got a good plan man! I think I can help with a couple of your questions:

1) This is a process. You've got to do your due diligence (I think there's a beginner's guide on the site for this). You'll want to do a title check, inspection of the property,  check if there are any liens against the property, etc. etc... Just do a Google search or BP search and you'll find a lot of templates.

2) If you find a property that interests you, contact the seller to schedule a meeting and start the due diligence process or even start to gather information over the phone such as year built, square footage, beds/baths, etc. etc.

3) The mortgage payments are fairly accurate but not the best source to use. I recommend going in to talk to a banker (or calling over the phone) to see what rates are like in your area (although they are pretty standard across the country).. This will give you the best estimate to run your numbers.

Hope this helps get you started! Let me know if there's anything else I can help out with.

@David Alvarez Yeah, I'm not too experienced with this so not sure how much help I could be. As far as refinancing, that would just depend on the terms you could get.

Since you bought it 4 years ago, I think you actually might be able to get rid of PMI if you purchased before 2013 by meeting the following requirements: 78% LTV and 60 months of on-time payment. (This is just what I gathered from reading articles online).. It would be best to consult with a bank rep though.

-Kyle.

@David Alvarez PMI lasts for the entire duration of the FHA loan I believe

@Mitch Foster check out the weekly webinars @Brandon Turner puts on too (or if you upgrade to pro, you can access the entire webinar archive)... but he shows you how to evaluate deals from start to finish, how to unlock bank financing, marketing for real estate.. and a whole lot more!

@Will Flores I should be able to help with getting you started house hacking!! What kind of information were you looking for though? Could you be more specific on the questions you have?

@Will Flores shoot me a message and we can talk!

@Will Flores there is a house hacking section in @Brandon Turner 's book on rental property investing (although it only touches this briefly)! Otherwise the book will give you everything you need to know from start to finish on how to invest in buy and holds.

@Malcolm Darensbourg That's definitely a good start!

You'll want to get to know your market by looking at selling prices of other comparable homes.. Then factor in the condition of the property and run your numbers

@Kenya Curtis I have not used hard money myself but I know it is a popular strategy used by many RE investors. Check out @Brandon Turner book on investing in real estate with no and low money down. He used this strategy quite a bit and gives specific examples of how to make it work!