JoAnn Dorio
Moving property out of IRA held to personally held.
8 May 2019 | 3 replies
@JoAnn Dorio@Jason Dillard is correct, but as a professional I wanted to add confirmation.The only way you can extract value from an IRA is via the process of a distribution.
Blake McCracken
Marketing for Sellers, Skiptracing & DNC List
13 May 2019 | 1 reply
I filtered the list down to just individual owners and extracted their first and last names somewhat accurately using excel formulas.
Tommy Sowell
Cashout refi taxable
14 March 2020 | 12 replies
Furthermore, it is my goal that my child never pay taxes on the money I have extracted from the appreciation of my RE.It seems almost too good to be true...
John Brinkos
MHP financing challenges
20 July 2019 | 5 replies
We have a few parks that we are turning around and are considering a path whereby we pursue a portfolio loan of ~$2mm in a year to extract equity while posting 2-3 very different, but performing, parks as collateral.
Zachary Wright
Wholesaling in new area
29 July 2019 | 10 replies
Always look what successful people are doing and more importantly what they are NOT doing.. and then... no.. do not copy... but extract the characteristics, commonalities, of their behavior, and derive that equation/formula for success.I do this always.
Terry Dunlap
Would You Buy for Cashflow Only?
2 August 2019 | 101 replies
Their job is to create value not just extract.
Bryan Harper
$0 money. 3 multifamily deal thoughts...
23 July 2019 | 13 replies
If you don't have any money, there's generally not any way to extract the equity as your next chunk of cash.
Phil Rizzo
BRRR Strategy Question
24 July 2019 | 11 replies
@Phil RizzoBecause the banks will lend 75% LTV after the remodel, anytime you can buy and rehab for less than 75% of the ARV, you'll have the ideal BRRRR.....and have a chance to extract your full cash invested, to repeat into the next property.In Denver, the competition for fix/flips is so intense, it's hard to buy and rehab for less than 85% of ARV.
Crystal Zheng
Why a legal 2 family house only has one gas and electricity meter
26 July 2019 | 4 replies
@Clark Kirkpatrick Hey Clark, I know the best way is to separate the meter, I don’t know the extract process on installing them.
Christopher Soos
Requirements for cash out refinance?
6 April 2019 | 10 replies
Then, when you refinance it to pull out the cash in six months (loan "seasoning" time required by many lenders before you can refinance), you need the property to appraise for considerably more than the initial purchase price plus what you have into it and you'll pay another set of closing costs.To get a quick idea, calculate: (initial purchase price + rehab costs + purchase closing costs + refi closing costs) / 70%That will tell you for about how much the property must appraise to extract your down payment, rehab costs and both sets of closing costs, leaving none of your own cash in the deal.