We were trying to buy a loan that was in default and the current lender was emotionally attached and has it listed for over $2M when comps are $1.5M. 

The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.

For this report I used an FHA loan for example, so 3.5% of the purchase price.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..

They have contacted me for a commercial loan.

They have contacted me for a commercial loan.

This way, they get the cash they need without selling and without triggering any taxes since loans aren’t considered taxable income.

The title company will handle clearing the title but won’t manage personal agreements.