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4 January 2014 | 13 replies
The balloon payment doesn't sound like something I would want unless there is sufficient equity, so that i know i could sell anytime during the 5 years and walk away with a decent profit.Good luck.Larry
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6 January 2014 | 3 replies
The VA has no title seasoning requirements in order to cash out using market value.This is a huge difference from conventional 1-4 lending because there are many restrictions for title seasoning (how long you have to wait after you acquire title to property).So how this could be utilized is if you were a veteran looking for a home and purchased a property for 70% of market value with cash (has to meet VA standards/owner occupied only) you can immediately cash out to 90% of market with proceeds going back to the borrower.Just a quick way that a vet who is also an investor can leverage their equity potentially in other investments to meet their goals and or financial freedom objectives.This would allow the veteran to obtain money around 4.5% (6.08% Annual mortgage constant) If you could reinvest at or above 6.08% annually then the vet could end up being able to live for free if the other investment cash flows sufficiently.
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8 January 2014 | 8 replies
Yes, I would as aresult of the fact that there is sufficient equity in the place.
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10 January 2014 | 9 replies
I am already doing most of what you mentioned above, but #3 offering some token closing cost with a not to exceed sounds like a good idea.
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9 January 2014 | 14 replies
I would put in a good quality heater and make sure they are of sufficient size to heat the square footage of the area you are going to heat.
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13 January 2014 | 22 replies
My goal has always been to wholesale enough properties to buy & hold properties with cash, creating long term cashflow for my family.However, since I need some "wholesaling income" to supplement part time income lost last year, it's been rough creating a marketing budget that'll provide sufficient quality leads, while putting food on the table.
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20 February 2014 | 38 replies
Frankly, that requires a business head, not so much in RE..This is true, it was not explained and could not possibly in an hour long interview podcast, so it needs to be recognized for what it was and what it was for, an intro to Ken and how he became successful, what he does and what he looks for.
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12 January 2014 | 24 replies
The photo looks sufficiently like a mix of the "pit bull" type of dog IMO.
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21 January 2014 | 15 replies
The property must have sufficient cash flow to comfortably manage the mortgage debt.
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3 February 2014 | 30 replies
Potable water line cans and will freeze if they're located in an areas that do not have sufficient heat, or do have sufficient infiltration of cold air.