Ken McElroy is an outstanding example of an ordinary real estate investor who stayed with it through thick and thin to become successful and I'll listen to him as many times as you can get him to come on.If you could corner him into doing an 'intensive' on any subject related to the apartment biz that would be great too-

Working to see who can assist me in taking out additional equity and refi out of a FHA at a higher rate but the reduction in PMI can help me with the cash out to purchase another property.Our situations are not exactly the same, but to me it seems that a preliminary screening is done by the loan provider asking for the mortgage outstanding and the appraised value and credit score.Then look into the required LTV since a refi and cash out option can result in a higher interest rate and lower LTV requirements.Hope this helps.

Now buy repair and rent you can get outstanding ROI.

By the way, once you get to the point where they have called the note and started the process, transferring the title back will not do a damn thing but give them proof you knew you were in default.

I'm closing on my first flip this Friday (1-17-14), and even though it is small time, I feel damn good about it.

First if you depreciate to zero and you sell it subject to an outstanding mortgage you still must recapture the value of the total price including the mortgage amount.

If the initial lender allows one to be in title and not on the note, generally they still sign the deed of trust, but not everywhere so with the lender's consent your fine.A quit claim can be done for their interest, since a loan would be outstanding at the time C applies and funds the refi, a Special Warranty Deed should be used excepting out the existing loan they are on the hook for.

Outstanding post, I needed that Brandon.

You make an outstanding point.I just spent 8 hours creating spreadsheets for 15 different properties.

If you are doing REI with your spouse you better make damn well sure they are 100% committed or it will likely end in tears.From experience being married and maintaining separate bank accounts and splitting costs is a recipe for a divorce either inside or outside of REI.