Just fyi.if you still have your finance contingency you can back out and get your money back if the lender denys you.. if you run out of time you could lose it.you should be talking to your real estate agent about this.. that is the one who will help U

I live in California, and I am currently experiencing something that is freaking me out. My lender is being very slow and has not ordered an appraisal yet. I am out of my contingency period and have been given the no...

I live in California, and I am currently experiencing something that is freaking me out. My lender is being very slow and has not ordered an appraisal yet. I am out of my contingency period and have been given the not...

It's the best way to determine if you are winning or losing in this game.

It is possible to lose money".

The common formula for real estate investing is:Determine the fair market value.Subtract repair costs.Determine the profit you desire.Most properties should be acquired at 50% to 70% of the homes fair market value.Large venture real estate firms like Opendoor will buy your house for approximately 90% of the market value.

They dont always communicate between the lender and underwriting and they will go ahead and just run your credit and then you have to explain something theyve heard 100 times "No I usually have an above a 800 credit score its just because they ran my credit without asking"Create a dropbox or gmail account specifically for the properties where you can store all the important documents.If you are doing investing and have full time job, good luck and godspeed, this became a second full time job and I ended up losing a long time girlfriend over it.St.

If all the obvious ideas don't work, then you simply form a joint venture with your landlord to get coverage.

[Biggerpockets] is notorious for the no and no money down niche, but you really need to have a good financial runway prior to investing otherwise you will lose your bottom when it goes sideways.

First venture into REI.