I'm reading " The Millionaire Real Estate Investor" by Gary Keller. On page 147-148 he gives an example of equity growth. In the last paragraph of his example he comes to the conclusion that equity in the amount of $1...
While researching on Zillow I saw the term BATVAI. What does that mean? Due diligence? Buyer beware? I am assuming realtors are release information because this is not the wild wild west. looking for opinions, co...
The backbone of wholesaling. What do you explain this as to your sellers? Some sellers don't care, others have a problem with the truth of what this document allows.
What do you say when sellers ask, what is this d...
Hi everyone. I’m back again with another question in regards to a guru. I recently came across Spencer Vann and his class on surplus funds. I’ve tried looking up surplus funds and so far have gathered that it’s money ...
OK got some emails going back and fourth with a seller of a property (multi unit). He says the market value is between 185-210 from a tax assessement. I will copy what he replied to me now, but how do I go about sayi...
I recently was told that I should place all of my properties in a holding LLC and manage them through my property management LLC. I don't quite understand the concept of holding LLC's though. Do I just put all of my p...
Hi, please explain the information at the end of the post to me as I cannot sleep thinking about it. My lender is not returning work for a few more days so I wanted to ask this group about seller concession on a conv...
Good Afternoon Local LA BP folks,
I know this has been a hot topic among the local LA investors and as a mortgage broker I was very curious on how ADUs are actually valued as I keep hearing different sides to this. I...
I market to the NOD list for my area and get calls from people asking me what my offer is to buy there house. They seem to be thinking in traditional terms about selling there home. They don't really know or underst...
Say I own a rental property appraised 110k
I owe 83k on it
if I refi the loan at 110k does that mean that the bank cuts me a check for 27k and I now have a mortgage for 110k and my payments would go up. ( i initially...