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5 January 2014 | 4 replies
I am also into a new one now called something like Becoming Wealthy Investing in One House at a Time by Schaub.
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10 September 2017 | 28 replies
Great alternative for wealthy relatives….· Any person may pledge assets on behalf of borrower· Refinances – instead of liquidating assets to pay down the mortgage so you can refinance, pledge assets instead.· Complete flexibility to trade the assets…the borrower can continue to buy and sell stocks within the asset portfolio….· Assets may remain at borrower’s own financial institution (BofI Lending would be added as a creditor/beneficiary) or they may be deposited into BOFI Federal Bank.· Available on all scenarios; all products, occupancy types, property types, Interest Only, etc., and may be used in conjunction with Asset Depletion.· 10% down with no Mortgage Insurance and loan amounts up to $5,000,000 or more….· No charge to lock - $250 admin fee is the only cost of this program.· Compensation is paid out based on the higher loan amount Sample scenario of a loan · Transaction Type: Purchase· Purchase Price: $2,500,000· Loan Amount: $2,000,000· Property Type: SFR· Assets: $2,000,000· LTV: 50%· Effective LTV: 80% (with pledge)
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14 January 2014 | 9 replies
1) Get preapproved (contact a bank or loan broker)2) Tell them you will refer your friends, and your husband's wealthy work colleagues if they do a good job for you.3) Newer agents tent to be "hungrier" for new business/connections.
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12 January 2014 | 3 replies
And of course my first goal with RE investing is to work for myself and stop making someone else wealthy, I would much rather expend that energy making MYSELF wealthy!
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20 February 2014 | 38 replies
We did a hotel deal that was finalized in getting a commitment on the phone in probably about 30 minutes, but: That isn't done by just anyone unless you name is Walton or Gates or Buffet or other very wealthy folks, where you might have some opportunity or cause and the investor(s) have knowledge of your offering, your reputation, your abilities to perform and where that fund raiser has the financial expertise and social skills to carry off such a commitment.
16 January 2014 | 27 replies
And several have joined the ranks of wealthy investors.
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15 January 2014 | 18 replies
If it were easy to be wealthy, everyone would be.
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4 January 2015 | 10 replies
MC used to have some of the best schools in the state and the strongest real estate market trends; these days, they don't have a single high school in the top 20 in the state and the real estate market has stagnated relatively to other wealthy counties in the area.While I'm not presuming this is the sole reason for what you're seeing, it's interesting to note that MC is undergoing some changes.
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26 November 2013 | 18 replies
In real estate it seems one can become quite wealthy being an individual investor so to speak.
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7 June 2013 | 15 replies
I can't tell you how many times in the past 5 years wealthy business men would leave their jobs for an hour or so and come check out potential rentals to buy in their fancy suits.