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I have heard stories about hard money lenders taking a house that's in default. I am assuming that is not in a judicial foreclosure state that has to be auctioned off and gives the homeowner time to sell it. Although ...
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Hey Everyone! So excited to join this network and to connect with you all! I’m based in Southern California and looking to make my first investment in the $50-150k range with a rental property. Obviously, that won’t h...
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If I take out a line of credit against my primary residence and lend it to someone for a fix and flip, is that considered brokering since I'm lending out someone else's money? If so, would a brokers license be required?
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Hi Everyone,
I have a Mulit-family that isn't producing and is in an area where I am trying to pull out of. I have an offer to take over the mortgage plus a small cash offer. My mortgage states that it is not Ass...
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I am 19 yr old and am currently trying to find my first rental property and I am very eager to get started. I have to choose between a much cheaper market that I live in that is much easier to cash flow, but finding g...
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Yes, I've been mostly lurking these past few months as I try to deal with situations preventing me from focusing on REI without distraction. In the meantime, I need ideas to chew on until then. So this question is ...
Debt or Leverage of Low interest, what is best plan before retirement?we live in California, have primary home and a rental home. I have 530k balance primary home first mortgage locked 3.5% for 30 years (PITI=$3263), ...
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My name is Kris and I am new to REI. I am interested in multi-family homes to "house hack" as my first RE investment. Just looking for any tips or tricks on either building a multi-family home or just trying to buy on...
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Hello. I am a second lienholder on a property in Long Island, and I am looking for advice on how to navigate the situation.The property: Original Loan Value with Chase: 1.3M. Second Lien Position: 700K. Current market...
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