Roy Mitle
Trying to understand cash out refi
26 April 2015 | 12 replies
Most major investors require you to hold the loan for a certain period of time for a few reasons -buys them time to sell your loan on the secondary market -bankers lose their commission if a loan is refinanced with another investor/lender within that 6 month period -required vesting is part of federal regulation that keeps an individual from essential making a living by doing constant cash-out refis -if you refinance or pay off the loan in the first 6 months, typically you will not incur any pre-payment penalty..but the bank does and it eats that cost-required vesting allows you to establish payment history that shows on credit 3.
Kyle M.
Evaluating Strategy: BRRR
26 April 2015 | 3 replies
So in my case I specifically set up an account with a bank to establish credibility and demonstrated track record.
Adam Amero
Proper Wholesaling and Investing
26 April 2015 | 3 replies
Commercial agents that can stick in there once they get established make KILLLER money.. and retire very wealthy as a general rule, they are on the ground floor of the bigger deals.. and believe me most of the great deals never get to market.Put time and energy into becoming a RE professional .. not some wholesaling wanna bee because you think you can get in with no money no credit no experience...
Kyle Steele
Cleveland/Detroit house flipping?
16 January 2017 | 26 replies
Some older established high end communities have boilers for example, ultimatley the transition is to to forced air however in some cases you may want tor retain the boiler system as it is a "lifestyle choice" in that area (this is merely one example).
Joseph Prock
New Cleveland, OH Real Estate Professional
10 May 2015 | 12 replies
I can help you establish credability with others outside of our world.
Juan Diaz
The Story of Gentrification Part 2: How To Take Advantage
11 May 2015 | 6 replies
As you already know, there are areas in Socal that already have a pretty established Asian population.
Account Closed
Wholesaling business is for dishonest, crooks?
24 September 2016 | 83 replies
Even so, I would never use the word "partner" because that is a legal term describing a formal business relationship, it is not established by casual dealings.
Keith Kennedy
special consideration for investing overseas
9 October 2018 | 5 replies
Aside from establishing whether a specific property is well priced, the currency, taxation, legal framework and property management areas will be the most important ones to research.
Robert Carl
Trying to Crowd Rehab part of Baltimore
16 July 2015 | 15 replies
Absolutely - i.e. lack of commercial establishments, food options, litter removal, etc.
Carlos Reyes
How to build your real estate team? #askbp
11 May 2015 | 7 replies
I see too many novice investors on the side line while they set up an LLC, build a team, establish a marketing plan or whatever other BS someone told them to do before they get started, when the reality of the situation is that you will learn much more by doing that you will by preparing to do do something.