They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Property value after repairs $350,000-$360,000Estimated repairs ($20,000-$30,000) Balance of 1st mtg (Everbank) ($271,985) Balance of 2nd mtg (HUD) ($ 24,482)Cost to cure loans-est ($13,000)Est equity $10,533-$3...
Hey everyone, I am new to Real Estate investing. I just recently got in contact with a loan officer to help me find a lender. But this morning as I was driving to work, I was listening to the BiggerPockets podcast epi...
I have a seller that wants 20k out of her house. That is all she wants, she does not want to list on MLS, or deal with realtors or people viewing her house while she lives there. Her loan amount is 89k and the house...
I guess it's all relative since I live in southern California but I am looking at relocation to AZ and a few things are not making sense to me? First, why are housing prices so cheap in AZ? I don't mean just cheap com...
Hello All,I've been searching in Northern VA for some time now to find a property as a primary residence to rent out as an MTR during my own travels. If you're from the area you know NoVA isn't the easiest place to tr...
I recently came across the company Replace Your Mortgage. They advise you on HELOC products, banks that offer them and strategies to pay off your mortgage quickly and to invest in real estate with other products tha...
Hi! I have recently started on my real estate journey. This website and the forum is certainly of great help. I was looking to purchase a foreclosed property and in order to do that have been closely following the She...
I am still very new to this so please excuse my ignorance. What are the pros and cons to owning a rental property outright? It seems that cash flow would be significantly increased if you can pay a mortgage off, but t...
Hi All,I'm trying to get my feet wet with my first real estate deal. I have been renting in Austin for the last 5 years and want to attempt at a house hack in a SFR. My GF and I both have good jobs in Austin and see o...