Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
The exact amount varies by lender but is usually around $5,000 or more.Recalculation: After you make the lump sum payment, your lender will recalculate your monthly payments based on the reduced principal balance.
Samantha Benz
Should I go to BPCON?
28 January 2025 | 9 replies
Events like this give the opportunity to meet and talk to investors from all over the country, doing different kind of investing, and with a varied amount of experience.
Jacob Hrip
Best financing options for a first time investor?
9 January 2025 | 9 replies
@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.
Carlos Silva
Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
Too many varying opinions with sound logic on both sides in this forum regarding traditional velocity banking.First position HELOC ...
Justin Treaster
Dallas Fort Worth wholesalers
15 January 2025 | 27 replies
Originally posted by @Travis Lemley:They will most likely vary significantly with flips being more expensive.
Carlyn Chism
Hard Money Lenders - Low Credit Score Refi options
14 January 2025 | 4 replies
The process can vary greatly so it's important to understand it and ensure it works for you.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
Monthly operating costs vary between €150-250 based on the amount of work and the type of accountant office you would choose to work with (those focused on foreigners usually charge more).It is true that in general this is higher than in many other countries.It is the first time I have heard about the possibility of a virtual office from out of an LLC.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Beau Wollens
First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
29 January 2025 | 13 replies
Even from contractors on a project you can get quotes that vary by 50% or more.
India H.
1st time REI ready to make first purchase!
16 January 2025 | 10 replies
This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.