If you are not familiar, do a little research (YouTube has a plethora of videos on the subject).

Found this app on YouTube and I’m happy to be here.

yes ,, lots, study up on it there is a lot of good content on here or youtube or books etc. but dont let a deal slip by just because you dont understand, and DONT get into a bad deal either. . so get to studying and learning and growing

I am all over BP, YouTube, and Facebook educating myself about creative investing, specifically wholesaling.

Check out Mark Kohler on you tube.  

I've been doing research on my own, I've attended seminars, workshops and listen to webcasts when I'm at the gym (in lieu of music) and finally sent out some mailers and made some mistakes in conversation that I am learning from.

What you do with the cash-out refi funds are up to you but I think if you run these numbers you'll find it's not such a great idea (provided you can actually find and purchase foreclosures/short-sales at a 20% discount and be able to purchase them using financing when your competition will probably be paying cash).These strategies sound great in the "make money in real estate" youtube videos but they really don't pan out in the real world.

It blew my mind when I found that out.In the meantime, have you checked out Matt McKeever on YouTube, or the original BRRRR master Scott McGillvery?

Team, Palm Spring greater area (Palm Desert, La Quinta and other sorroundings) is very busy with short term rental activities between Nov and April due to various reasons - winter birds coming from east coast, canada, tennis activities in March and Music festivals in April. 

I ended up learning to cut trim on youtube.