CategoryBuying

HOW TO FIND SHORT SALES IN YOUR AREA IN 5 MINUTES

Let’s discuss how to find short sales in your area.  Regardless of what your real estate investment strategy is, you likely want to acquire properties as inexpensively as possible.  Short sales are a great way to do that, but where do you find them?   In this post, I’m going to share some quick, free, and simple ways to find short sales in your area.  First, let’s make sure we have a clear...

PURCHASE MORTGAGE VS. CASH-OUT REFINANCE

Purchase Mortgage A purchase mortgage is where a bank provides you with financing to purchase a property, and the lender will usually want 20% down.   So, let’s assume you want to purchase a property for $100,000.   The lender will provide $80,000, and you cough up $20,000.  The problem with going the purchase mortgage route is because you’re always putting 20% down, you’ll probably run out of...

HOW TO BUY YOUR FIRST RENTAL PROPERTY WITH NO MONEY DOWN & BAD CREDIT

Do you want to buy rental property?  Let’s discuss how to buy your first rental property with no money down even if you’ve got bad credit.  So, you’ve got no money, bad credit, nothing to trade, and you can’t get a bank to loan you money. Can you still buy your first rental property with no money down?  Yes.  It’s called seller-financing, and here’s how it works. Buy rental property...

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