Lee Patton
Seller looking for buyers
18 January 2023 | 1 reply
The NDA defines what is and is not confidential information.
Steve Schulman
Maxing out credit cards for rehab?
13 March 2020 | 1 reply
I am confident I can get the debt down enough to ease my ratios, but I will be utilizing most if not all of my available credit in the beginning and know that can impact my credit score...
John Hickey
How to build a real estate empire in high Crime area
11 September 2019 | 139 replies
It takes two months here to evict and I stopped his eviction for confidential reasons.
Tanya F.
Estate planning: Trust or Will with rental properties
31 August 2019 | 10 replies
But medical records are confidential.
Oles B.
Lease Agreement Privacy Concerns
11 February 2023 | 5 replies
It is quite regular for loan officers etc to ask to see leases if they are being relied upon and no you are not breaching any confidentiality agreement-unless you entered into one- by sharing the lease with a credit officer.
Isi Nau
How I made $600,000 doing live-in flips in Hawaii
22 February 2019 | 62 replies
If I was confident I wouldn't need to sell for five years, I could purchase the home at least 20% below the current ARV, and the repair costs would be 5% or less of the purchase price.
Tony Marcelle
What if credit dispute does not work?
28 July 2018 | 46 replies
Everytime I asked important much needed to know questions, they act as if they could not tell me anything like it was confidential information.
Max Lambert
Please help a newbie with all of the acronyms
19 March 2023 | 8 replies
It's not all inclusive, be should be a good start.REI - Real Estate Investing: This acronym refers to the practice of investing in real estate to make a profit.ROI - Return on Investment: This acronym refers to the amount of money an investor can expect to earn in relation to their investment.CMA - Comparative Market Analysis: This acronym refers to a report that compares the prices of recently sold properties in a specific area to determine the value of a property.NOI - Net Operating Income: This acronym refers to the income a property generates after operating expenses are deducted.CAP - Capitalization Rate: This acronym refers to the ratio between the net operating income and the property's value.LTV - Loan-to-Value Ratio: This acronym refers to the amount of a loan compared to the value of a property.FHA - Federal Housing Administration: This acronym refers to a government agency that provides mortgage insurance to borrowers.PMI - Private Mortgage Insurance: This acronym refers to insurance that protects lenders in case a borrower defaults on a loan.P&L - Profit and Loss Statement: This acronym refers to a financial statement that shows the revenue and expenses of a property.DSCR - Debt Service Coverage Ratio: This acronym refers to the ratio between a property's net operating income and its debt service.COCR - Cash-on-Cash Return: This acronym refers to the annual return on investment, expressed as a percentage of the total amount of cash invested.BRRRR - Buy, Rehab, Rent, Refinance, Repeat: This acronym refers to a real estate investing strategy that involves buying a property, rehabbing it, renting it out, refinancing it to cash out, and repeating the process.HML - Hard Money Lender: This acronym refers to a private lender who provides short-term loans secured by real estate.MLS - Multiple Listing Service: This acronym refers to a database of properties listed for sale by real estate agents.ARV - After Repair Value: This acronym refers to the estimated value of a property after it has been repaired or renovated.PITI - Principal, Interest, Taxes, and Insurance: This acronym refers to the monthly payments a borrower makes on a mortgage.HELOC - Home Equity Line of Credit: This acronym refers to a line of credit that uses the equity in a borrower's home as collateral.RTO - Rent-to-Own: This acronym refers to an agreement in which a tenant rents a property with the option to buy it later.NNN - Triple Net Lease: This acronym refers to a lease in which the tenant is responsible for paying all operating expenses of a property.NDA - Non-Disclosure Agreement: This acronym refers to a legal contract that prohibits the sharing of confidential information between parties.
Jeff McMahan
Rollover for Business Startup (ROBS)
26 February 2021 | 30 replies
I have had the transactions going through professionals (Guidant, tax lawyer, CPA's and bankers) experienced with ERISA and the ROBS process and feel confident I can remain within the law.
Scott Matthew C.
Redford, MI : Fix, Hold, and Then Flip
18 February 2023 | 1 reply
Ask me anything, and I'm confident I experienced it.