As I barely understand the concept right now, is it just buying a cheap house that needs work and then selling to an investor for him to make money off of by selling to a typical occupying family or resident for a pro...
Backstory: So I've read most of the BP books and I have 1 property right now and it's a BRRRR, but then I heard that the best deals are foreclosures and auctions.1. I've thought that auctions are bad and I shouldn't t...
holding seller's second mortgage? i have offered 100% financing with a 650 credit score but the buyer has asked would I "hold a seller's second mortgage."
Hello all,
I'm a new investor. I've done single family but looking at commercial deals. I have a property for 20% down and seller finance the rest. We have a tenant downstairs and want to develop the upstairs into...
First let me be sure I understand what it is.
Capitalization Rate = Yearly Income/Total Value
Now right here I already have a problem. I would expect "Total Value" to be what it cost me, but apparently ...
Hi all! I was reading through some of the lending pages and came across a HELOAN. How does this work? Is it a second loan on the property, meaning do I keep my current mortgage and rate the same while taking on an add...
I'm just going to come out with it: I see all of these investors talking about how they refinanced a property to essentially cash out and then get their money back to reinvest in another property. Can somebody explain...
I’ve done a couple of flips, have had a rental and just completed building my own home. I’ve been studying real estate off and on for awhile and this is the first place I’ve seen the term “house hacking”. Can someone ...
Our county uses a tax map number in the format "Map, Insert, DblCircle, Block, Lot" according to our appraisal network. An example attached to a real property may be listed as "075D 2 18."
Can anyone explain this to...
I don’t remember who said it or where even, but I quote:
“I'd get a secured line of credit against the property. That way can pay cash for another asset, refinance that property, pay off your line of credit, then u...