Mary B.
SAY GOOD-BYE TO HUD-1
20 September 2015 | 8 replies
From my cursory viewing, the section called "Transaction Summary" somewhat resembles the HUD-1 form, so if you want something familiar looking, look at that.
Kyle Guida
form of payment
24 September 2015 | 1 reply
Their credit may be so poor now that they believe that they cannot open anything that would resemble a bank account or that it would be too costly to maintain.
Doug N.
Peak Rent 2015?
14 October 2015 | 5 replies
Based on my own experience, a lot of renters are would-be home buyers but for wrecked credit and an inability to come up with anything resembling a down payment.
Olivia Tallchief
BAD NEIGHBORS
31 March 2015 | 10 replies
Their homes look fine but their yards resemble something of land fills!
Eddie Reid
financing your way to wealth
19 April 2015 | 1 reply
In Todays realestate marketplace in the area of realestate finance there is some resemblance as to how to create wealth quickly as it was when I first entered the business over 25 years ago,in those days there was no seasoning of title,a very powerful tool,for my younger investors they may not know what no seasoning of title mean,no seasoning of title simply lets you buy lets say a property that you bought for $25,000 ,but the appraised price was $50,000 and this was a property where there was no rehab necessary,in those days I could buy the property for $25,000 on Monday and sell it on Friday for $40,000,oh by the way i almost forgot to tell you i bought and sold 25 properties in 4 mo. only using $500,those were the good old days well this scenario is creeping back into the marketplace,this brings me to Todays lesson is based on using 4mo.seasoning of title and 100% financing to move your realestate empire forward,here's how,john doe is a pretty ambitious guy ,he doesn't have a lot of liquidity but he has some ,he finds 4 properties that cost $50,000 that each of them needs $25,000 in rehab,the appraise value of each of the properties after they are finished is $150,000,john fortunately is able to find 2 lenders that will allow him to do 2 rehabs at 100% financing,so john is able to get the financing for all 4 properties and now he has $600,000 in value and $300,000 in mtgs,john has 2 options he can either sell all 4 properties or hold them,john is able to find a financing source that will give him a 7% rate on a 10 year call with a 30 year amt,and the lender will allow him to cash out at 70% of the appraised value,so john decides he want to keep the properties so he decide to refinance ,his new mtg pymt is $1663,lets say taxesand insrance hypotheticaly speaking is $350,per property, it may be a little higher,so his total mo outlay 3063,on a $150,000 home based on where you are located,1300 mo should be a fair #,it could be higher,so your total gross rents are $5200-3063=$2137,oh we almost forgot what was johns cash out when he refinanced (600,000x70%=420,000-$300,000,this would equal $$120,000-estimated closing =$30,000=$90,000,lets see what are really happened,$90,000 profit,$2137 monthly cashflow,minimal out of pocket,being that this is based on 100% financing ,there will be some out of pocket costs along the way but they can all be recouped back,so the investors true out of pocket costs would be 0 because he was able to recoupe his out of pocket from the cash out refi ,so tell me what is the real rate of return on investment if your end result is that you have 0 costs of your own money in the deal,the last thing I want to mention is that some people who read this may not have any money , but have valuable homeimprovement expierence,another may have the credit but no money,the other may have money but no creditand yet another mayknow where all the smoking deals that would make the #s work ,I bring this up because I read a post of 2 people coming together to bring the resources that the other lacked,im sure the same thing can happen in this instance.
Darrell Odum
Has anyone had experience with EquityBuild Finance?
10 March 2022 | 23 replies
I can help but think how someone that contributed to so many people's financial ruin in continuing to be out here promoting webinars.Here is one here...https://register.gotowebinar.com/register/6120378021491955982His linkedIn Profilehttps://www.linkedin.com/in/stephanpiscano/bears a striking resemblance to Shaun Cohen!
THU NGUYEN
Using Money to Buy/Rent Out or Lend out as Private Lender
28 September 2016 | 24 replies
Hopefully one will turn you something that closer resembles a real deal rather than the crap that is being peddled now by nearly all wholesalers in Houston.
Kalid Alogbi
people avoid me because I look different, what should I do ?
28 February 2016 | 26 replies
you can tell from my picture that I do not resemble the main stream shape or skin color .
Nick Doria
If a military podcast happened what do you want to hear?
28 February 2016 | 39 replies
However, these active military members need to focus on work and use as much time or effort as they can on their downtime into real estate while still keeping some resemblance of work/life balance.
Account Closed
What's the best piece of advise you'd give new RE agents?
2 February 2016 | 42 replies
;3) Find something of value to offer investors (rent surveys, list of recent solds, marketing packages for recent solds resembling your prospects' own properties, etc)And how much you can sell depends on:1) the number of homes (assuming you're doing SFR) there are in your area (volume);2) how many homes turn in a give year (velocity);3) how much closed income on average is possible given (2) above;4) how much income you expect in a given year;5) how many contacts you need to make per sale to capture the income projected in (4) above.KW training can help you with the math re 3,4,5, or you can calculate it yourself through your own research.Best of luck!