Can someone explain to me how the BRRRR method works?
I just recently purchased a rental property back in February and I want to restructure my current loan. How does the process work? Do I have to own the property m...
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Ive looked up what a cash-out refinance is and everything I read or watch goes right over my head. If someone would be kind enough to give me a thorough and simple overview of what a cash-out refinance is and when and...
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My lender sent me the itemized monthly mortgage payments I'll be making. Along with the principle and interest are two items I had questions about:1) Hazard Insurance - does this go away once I'm covered by my own lan...
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Newbie here. One of the homeowners in my list told me there's an "invalidate zombie lien" on the property that expires in 2025. Can anyone explain:1: What that even means2: Any advice for wholesaling said property?
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Why would REI Pro list 100% "potential equity" but then it is also showing as a preforeclosure, lis pendens, filed 1/24/20?
So, this could be paid off in full but that doesn't mean it is. If it's paid in full and in ...
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So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
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Got a land contract question...
We are planning on moving to a nicer home next year.
The house we are in now is about $200k. We are at a nice low rate on it with plenty of equity. Not in a rush to pull the money ou...
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I purchased my residential property last year in Ohio and I was fortunate enough to secure a conventional loan at 2.99% for 30 years. I am now considering rezoning my property for commercial use (office) since the tow...
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If the bond goes up or down, how does it affect interest rates?
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Super Jumbo mortgage loans and lenders can vary widely in their rates and qualifications. One observation in working with higher loan amount borrowers and lenders recently is that rates can often be LOWER than convent...