As many of you are well aware, I am no fan of RTO or LTO as I believe there are serious legal issues at both state and federal levels involving the concept of both of these being a form of a disguised credit transacti...
Hello everybody,I’ve done all the reading and practice analyzing deals and I am finally comfortable to start taking action. Because I don’t have any money to throw at marketing yet, my plan is to drive for dollars and...
Hey everybody! I am so happy to announce our October speaker will be Mitch Stephens from San Antonio, author of the book My Life & 1,000 Houses Failing Forward to Financial Freedom. He will be driving all the...
So, I guess to start out I'll give a brief background about myself. 25 year old, working full time and saving literally every penny to fund my first real estate deal. So far, I've manged to save up $20,000. For the...
I am purchasing a 4 unit apartment building in my hometown in Wyoming. I am using Guild Mortgage, from which I heard of on one of the podcasts, and we have a branch in my town. I was going to purchase this property wi...
Hello everyone!I need advice, would you buy a condo and rent it out? My numbers are good as far as ROI. However do condos also have equity that rise like a single family home?
Hi.
I have 4 rental properties financed through 3 different mortgage companies. 2 of the 3 told me today that they would call the mortgage due if I transfer the property to an LLC.
I am waiting to hear back from the...
I know that HML is a lose term, but I'd define it as loaning money for interest plus points once a deal has been verified. It seems like I could make a lot more as a professional JV, partnering in the profits 50/50 an...
Quick background: We purchased a multi family that was to be a live in flip and to fund the purchase and the reno we leveraged our primary residence at the time. We moved into the live in flip and once the flip was ov...
Hello All,
I would really welcome advice from anyone experienced in mortgage brokering. I hold the note on a home in Arlington, VA. The amount of the note is $420K, and the home is currently valued at roughly $450K....