How the House I lived in Paid For My First Rental Property

How the House I lived in Paid For My First Rental Property

I bought my first rental property in December of 2010. My wife was pregnant with twins, and it was not exactly the best time to buy rental properties, at least according to all my peers in the real estate business. I was an agent and flipped some houses but I knew I wanted to invest … Read more

How to Qualify for a Loan on an Investment Property

How To Qualify For A Loan On An Investment Property

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

How to Lower Your Debt-to-Income Ratio

How to Lower Your Debt-to-Income Ratio

One of the most common problems people have qualifying for a personal house or investment property is a high debt-to-income (DTI) ratio. Most lenders will want to see a debt-to-income ratio of 45 percent or lower. If your debt-to-income ratio is higher than this, it will be very hard to qualify for a loan. I … Read more

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

Are Adjustable Rate Mortgages (ARMS) Risky Loans?

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 used a lot of private money for real estate investments. 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 … 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 the best hard money lenders that have reasonable … 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

Should you Pay Off the Loan on Your Rental Properties?

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 that you shoud not pay off … Read more