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When you refinance and take money out of your property its not a second mortgage on the property right? It just adds to the loan your originally already had? Please help me understand this.
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Tulsa.
Purchase price: $126,000
Cash invested: $38,000
Buy and Hold Rental
How did you find this deal and how di...
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Hi everyone!I recently got my real estate license here in Indiana and I am very interested in learning as much as a I can on real estate investing. I want to learn about different strategies and/or ways to develop int...
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I understand that the majority of loans in the US are backed by FNMA or FHLMC. What I'm confused about is what dictates who ends up with the property after it's foreclosed upon and becomes an REO. For instance, if the...
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Does anyone have any recommendations for a lender to do a VA IRRRL Refinance? Been working with a lender but not happy with their customer service and communication.
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My friend is selling their property, its a townhouse rental. It will be an off market deal and I was considering doing seller financing because then I wont need to put 15-20% down as i would from a bank. I am trying t...
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I'm curious if any Milwaukee Pocketiers, as we have coined ourselves, could share whether they've made a purchase through Homepath and how well the process went for them.
I guess I am a little frustrated ...
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The more people I talk with the more it appears that there isn't a firm definition of performance; or folks are liberally using the terms depending on whether they are buying or selling. Is there a trusted source tha...
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Noob question... If I'm paying cash for a property... does the math workout to be the same? Purchase price is $17500 and will have about $25000 invested after renovations.---------------------------------------------...
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Property was fully renovated 3 years ago by an investor. The buyer who ended up purchasing the home passed away. Family wanted nothing to do with it. Loan defaulted. Home is also located in an unincorporated section o...