How Does a Mortgage Work When Buying a House?

How Does a Mortgage Work When Buying a House

Buying a house is a dream for many people. Houses are expensive and they keep getting more and more expensive. Very few people have the cash needed to buy a house outright but mortgages are available, allowing the majority of people to own a home. In the United States, about 67% of households own the … Read more

Is an ARM (Adjustable Rate Mortgage) a Good Loan?

Is an ARM (Adjustable Rate Mortgage) a Good Loan

ARMs or an adjustable-rate mortgage is a loan where the interest rate is fixed for a certain amount of time, but the rate can adjust after that fixed period expires. For example, an ARM may have a fixed period of 5 years at 3% interest. For the first 5 years the loan interest rate will … Read more

Is a Home Refinance or a Line of Credit Better?

InvestFourMore Cash Out Refinance or Line of Credit

I have refinanced many of my properties over the years and I have also used lines of credit quite a few times. I am a real estate investor who flips houses and buys quite a few rentals so having cash available is important to my business. You can take cash out of properties you own … Read more

How to Find Private Money for Real Estate Investments

private money lenders

I have completed a lot of house flips and bought many rental properties. Over the years, I have established many private-money relationships. Some of the people who work with me are amazed at how much money people are willing to lend me! I was able to attract private-money lenders by being trustworthy, being transparent, and … Read more

Who are the Best Hard Money Lenders?

hard money loans

Hard money loans are typically used to flip houses or for short term financing on other real estate projects. Finding a hard money lender is not a difficult task. A Google search for hard money lenders will turn up about 1,000 results. The tough part is finding a hard money lender that has reasonable rates, … Read more

What Dave Ramsey Gets Wrong About Real Estate Investing

Dave Ramsey Rentals

Dave Ramsey has gotten many people out of debt and helped many others balance their budgets and live within their means. However, Dave has some interesting advice when it comes to real estate investing. He says that you should only invest in rental properties when you can pay cash for them and only comprise 5% … Read more

How Does an FHA 203k Loan Work When Financing Repairs?

FHA 203k Loan

The FHA 203k loan is a great loan for properties that won’t qualify for a regular FHA loan because they need too much work. We all want to get a good deal when we buy something. The problem with getting a good deal on a house is that many times, the house needs work. Many … Read more

Why I Don’t Use the Snowball Method to Pay Off Rentals

my first rental

I bought my first rental property in 2010 and paid it off three years later. I was so proud of myself for executing my plan to use all of the cash flow from my rentals to pay off one house at a time. A lot of people told me paying off my rentals was not … Read more

How to Get a Loan to Finance a House Flip

loans for house flips

House flipping is my primary business, although I am also a real estate broker, blogger, and landlord. I flip from 20 to 30 houses per year, and there is no way I could do that without great financing. Many people ask me why I do not just pay cash for all of my flips. The … Read more

What are the Best Loans for Financing Investment Properties?

qualify for mortgage

Rental properties are great way to invest your money, but qualifying for a loan on an investment property is not always easy. Loans on investment properties are much more difficult to get than a loan on an owner-occupied home, and it will cost you more money as well. Many banks consider investor loans riskier than … Read more

How to Buy & Finance a House that Needs Repairs

taxes on flips

Houses that need repairs often can be bought below market value. I base my investing strategy on buying houses below market value and financing those properties, which is not always easy. When you buy a home that needs repairs, many lenders will not lend on that house if the repairs affect the livability of the … Read more

[ Inside Real Estate Investing ]
[ Inside Real Estate Investing ]