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've heard of different formulas to determine CAP rate. Two of them are:
1. NOI/Purchase price
2. (Annual rent/2)/Purchase price.
Assuming expenses are about 1/2 of income. Please explain the difference.
Once I get th...
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...