In the private money space, there are pages and pages full of acronyms. I wanted to share some of the common phrases I have come across during my time:Lender/borrower: "Here's the thing" = Everything I have said or pr...
I have a rental unit and am interested in doing a cash out refi but not getting approval. Any ideas as to how to deal with this would be appreciated. I really don't want to sell this unit. Thanks in advance.
I’m a first time property buyer and about to close on a prop. I am trying to negotiate a deal where we come up with price that is fair with me and the seller while getting the seller to pay for closing costs. But I’m ...
I househacked a home for the last two years, and it is now a rental. I am selling it with seller financing because I recently transitioned to self employed and not able to get a HELOC for it since I've been self emp...
To everyone that lends for long term rental properties (1-4 units), how do you collect the data you need in order to underwrite the risk (Ie excel form, file uploads, etc...)? Also, outside of the asset value, what ar...
This question is to those accounting/bookkeepers out there.Lets say I purchase a property for 30k and put another 30k in repairs/holding costs for an all in cost of 60k. The property is now worth 110k and I'll be hol...
What is the best time of month to close? I know I've heard it on the podcast before but I can't remember. Looking to take advantage of the amortization schedule to get the most rent before a payment. Thanks!
I currently have 4 conventional loans in my name (3 Cash flowing SFR, and 1 personal home). I have a new property that I bought for cash, have held for 4 months, and am starting to look for my next mortgage that I'd ...
Hello, I am new to the site but from what I have read so far. I am amazed and grateful to find this. I am new to the real estate business. My goal is simple... to have the ability to buy and flip properties and exp...
Hello all,I’ve been investing in real estate for only 2 years and mainly do fix and flips and wholesaling. The advice I am seeking is this; I have 2 fully rehabbed properties listed for sale and have been on the marke...