As the new owner, list the property pay off existing mortgage, second mortgage and recoup the proceeds My question is, would this be considered a novation and would an attorney or title company draw something  like this up?

Flips are labor and time intensive but are good for cashflow if done right but can be difficult for new investors without a good mentor.

Celebrate small victories along the way and continually set new goals to keep yourself motivated.

Quote from @Madhul Shah: I live in New York and I'm 22 years old.I'm interested in starting to invest in real estate and am still new to the process.I have been exploring STR deals around the country.However, my question is if someone has access to a substantial amount of capital, would it make sense to invest in LTR's?

You can find a market in New York to accommodate pretty much any investment style.

When a loan is sold to a new servicer, the original lender can share borrower information to facilitate a smooth transition.

Hi Everyone, My name is Elda and I am fairly new to real estate investing.

Total rehab and new finished throughout the entire house.

We're actually doing a syndication for a huge florida new build project that will be a full clean BRRRR!

@Thomas Richardson As @Mike Grudzien mentioned, reading my book doesn't exactly tell you how to "pitch" to private lenders but it does help you understand how to present deals to novice or new PMLs within your network by being able to show them how you'd protect and safeguard their capital with things like equity protection, title insurance policy, loss payee on your property insurance policy, going through a third party title and escrow or attorney to close the loan, etc.