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As a newbie broker in California, can I get paid a commission for a house that I purchase for myself in CA? If so, are there additional steps I need to take?
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Hi guys my name is Ali and I’m a newbie trying to get my feet wet in real estate. I currently own a single family home with about 120k in equity. My question is how do I leverage that equity from my primary residence ...
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Hello closing on a private lending deal. I want to make sure I understand the procedure and fees. Is it correct that I draft a final payoff letter, have that signed by myself and the borrower?Next, I have the borrower...
Buying a property where I get 80% equity, he gets 20% and we split ongoing expenses accordingly. In addition the mortgage will be 100% under me. He’s covering the bulk of the down payment. Few questions:-How do we div...
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Can someone explain the concept of transactional funding to me? I understand it's used for wholesaling and is for short periods of time but where do the funds come from? How do you acquire transactional funding?
P.S....
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HelloI bought a home with cash for 92,000.00 and at this point I am all in for 140k The property appraises for 175k. I want to get a mortgage on it so I can pull 140k cash out and install a renter. Is this possible to...
Hello,I am looking for financing options on an investment property. This will be my 4th investment property but only the 2nd one where I have direct mortgage obligation The others are only under my wife's name. Howeve...
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I was wondering if anyone could break down an email I received from a commercial lender at a local bank. We asked about a business line of credit of possibly putting up some properties as collateral or maybe refinanci...
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Hello All,
I have recently come across a Seller whom is allowing her property to go to Foreclosure, due to the stress. I would love to help this person out; however, I feel this deal is above my knowledge level. B...
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Hello everyone, I’m a new investor in the Chicagoland area looking to invest capital and get my first rental property. Traditional banks and even some credit unions have so many guidelines for giving you a mortgage t...