Can someone define what Cashout refinance is and give an example? I'm sorry if this is basic knowledge but I'm new to all of this and want to make sure I understand this strategy.
I am looking to do my first flip. A little background. I have a friend who's Grandpa passed away. His Grandma will be selling their home. It's in a very desirable area and needs some work. My Friend knows that I ...
Investment Info:
Single-family residence private money loan investment in Chesterfield.
Purchase price: $205,000
Cash invested: $65,000
Sale price: $336,000
Brought this deal to an investor throu...
Hello,I am just starting out and I'm stuck. I am in the pay off all debts (to increase my debt to income ratio) phase while also trying to save up money to start. The only issue is based on my research once I pay of...
Would anyone happen to know if 7% the current going interest rate for investment properties financed through mortgage lenders /banks? I was told by a mortgage broker that's the best he give us with an 830 credit score?
We have a renter who has been paying rent via electronic payment every two weeks on the same day as his paycheck. This was working very well until a few weeks ago when the payments started bouncing. Because of our goo...
I have an investor friend that recently told me about milling. I'm looking for some input and experience with milling. Does it work? Does it not work? What have you seen? What are the legal issues?
This is how I unde...
There's a letter from 45 Congress members to HUD stating concerns about recent sales of notes to the big players. The letter states concerns that "speculators" don't put neighborhood stabilization at the top of the th...
Is anyone doing both purchasing/brokering discounted notes and factoring? I see note purchasing/brokering as a way to receive huge pay-outs, but they don't come in on a regular basis. Factoring, has lower pay-outs, ...
I saw someone on Craiglist posting he need emergency money. Willing to pay interest on loan, need money for 45 days. Since the amount is relatively small, I want to help him. How do I make sure I get paid ? Do I u...