Mark Welp
2nd Liens, BPO, and Equity
Hello,I am in the due diligence phase of buying a performing 2nd lien note. The homeowner has been in the property for 15+ years and is current on the 1st and 2nd mortgage, which is good. I did a BPO (as this is my ...
Beau Miles
Should I keep my house?
My wife and I currently live in a home that we bought in 2010 for $149,000. The payoff right now is $126,000. We just found a house for $235,000 that we want to buy and live in (we will have to do some remodeling......
Xavior Wilson
It's ok to talk to me like I'm 5.
I'm a newbie to the wholesaling world but I'm trying to understand the seller's remaining home equity in this transaction.When you're on a call and seller asks "what happens with the money I put into my home?" What's ...
Elijah Artman
Equity Question (from beginner)
Hello, this would sound very immature. I'm new at this, please bear with me.I'm not quite getting the home equity concept, can someone define it in simple terms?
Jonathan Carmel
Rent in one city, invest in another, how can I scale from here?
Hi everyone, I currently live / rent in Los Angeles and have an investment property in St. Petersburg, FL. I'm looking for strategies to buy my second property, but can't decide whether to try and house hack in LA or ...
Landon Lehmann
How to leverage my person residence
My wife and I want to get into real estate and wondering how we should go about it. Our current residents we still owe about $104,000, we have about $280,000 in equity. The value of the house is around $384,000. My in...
Devonte Thomas
How Does A Cash-out Refinance Work?
Sorry to those I may confuse by asking the same type of question as before but I genuinely need some clarity.... I was wondering what the terms mean when a cash-out refinance requires the home owner to at least have 2...
Jw K.
Any reason for selling a paid for house to buy a new one?
I was just going to put our paid for house on the market. Worth about 280k (mostly land value). It is two acres in a first tier suburb of Minneapolis/St.Paul (which is pretty rare). Small, old house built in the 1...
Cody Evans
Wholesaling: Roughly How Much Equity Needed?
Hi everyone,First off thank you so much for all the helpful answers I've received recently, I'm getting closer and closer to getting a decent understanding. Anyway, enough of that mushy gushy stuff! I live in northern...
John Hyatt
10% down commercial loan?
There is a great commercial deal for around $350k that I am trying to purchase. I hate to walk away, but it's a tad out of reach. As a last ditch effort I wanted to reach out to see if anyone has any ideas with 10% do...