Backstory: So I've read most of the BP books and I have 1 property right now and it's a BRRRR, but then I heard that the best deals are foreclosures and auctions.1. I've thought that auctions are bad and I shouldn't t...
Hey there everyone! I just recently got interested in getting into real estate, and I was advised that wholesaling would be a good route to begin on. Could someone please explain the basics of what wholesaling is? Tha...
Can anyone describe a case where this method would work? I’m a little confused on the part where the refinancing happen. How do you calculate if you want to cash out some of the equity?
so i am typically a wholesaler and i asked this guy how much ison his mortgage. he said it is none of my business. so i explained that depending on the strategy i plan on using, i need to know the mortgage. for an ex...
holding seller's second mortgage? i have offered 100% financing with a 650 credit score but the buyer has asked would I "hold a seller's second mortgage."
Hello all,
I'm a new investor. I've done single family but looking at commercial deals. I have a property for 20% down and seller finance the rest. We have a tenant downstairs and want to develop the upstairs into...
First let me be sure I understand what it is.
Capitalization Rate = Yearly Income/Total Value
Now right here I already have a problem. I would expect "Total Value" to be what it cost me, but apparently ...
Hi all! I was reading through some of the lending pages and came across a HELOAN. How does this work? Is it a second loan on the property, meaning do I keep my current mortgage and rate the same while taking on an add...
I'm just going to come out with it: I see all of these investors talking about how they refinanced a property to essentially cash out and then get their money back to reinvest in another property. Can somebody explain...
I’ve done a couple of flips, have had a rental and just completed building my own home. I’ve been studying real estate off and on for awhile and this is the first place I’ve seen the term “house hacking”. Can someone ...