Financing and Credit

A HELOC differs from a conventional home equity loan in that the borrower is not advanced the entire sum up front, but uses a line of credit to borrow sums that total no more than the credit limit, similar to a credit card. HELOC funds can be borrowed during the "draw period" (typically 5 to 25 years). Repayment is of the amount drawn plus interest. A HELOC may have a minimum monthly payment requirement (often "interest only"); however, the debtor may make a repayment of any amount so long as it is greater than the minimum payment (but less than the total outstanding). The full principal amount is due at the end of the draw period, either as a lump-sum balloon payment or according to a loan amortization schedule.[citation needed]

When I joined the program, I was pleased to see that a great emphasis is placed on finding cash buyers first, then finding properties to match their criteria.
What greater asset could we possibly have in our investing career than a list of people who have money in their pocket, who want to spend it with you, and will tell you exactly what they want to buy. It puts us in the role of personal shoppers, and if we simply match their criteria, then every property we bring them will be a guaranteed sale.
I like to take it a step further. What we REALLY want are several overlapping cash buyers, who are all asking for the same thing. If you interview 8 rehab cash buyers, it is probable that at least 4 of them are all going to give you the same list of property criteria.

I thought this was a very good article from CNNmoney.com talking about the end of under 3% mortgage rates. It gives 3 reasons why rates are going up and why we may never see them that low again.

here is a link
http://money.cnn.com/2013/06/06/real_estate/mortgage-rates/index.html

Has anyone ever used transactional funding to do a double close?

If so, what I'd like to know is how does closing cost effect your profit... How do you calculate the deal so you don't lose money. ..For instance:

Let's say I got a property under contract for $100,000
Buyer is willing to pay $120,000

How will closing cost effect my profit when doing a double close using Transactional funding...

I just want to fully understand howthis works before using it...

Hi
As am going to invest in real estate,how much i should invest in this field.whether i will get profit in starting itself or else how many days i have to put effort for get more profit??

DG Fam. I'm looking for a Private Lender. One who is reasonable with points & percentages (the lessor the better!) Anyone out there willing to go interest-free? How about 1-5%? Let's negotiate! Somebody talk to me about it. Better yet, somebody work with me! Do you know anybody? Send me a PM. Thanks!

I have a transaction I am purchasing in Kansas but would like to refinance and pull my cash out.

Do any of you have banks that will refinance in Kansas and/or Missouri upon the value of the property? It would be preferable that the banks consider loans based upon cash flow as well.

I am willing to consider trading information for your information as well if needs be.

Thanks in advance Dean Family.

What Influences Your Credit Score?

Your credit report is similar to a financial report card. It serves as a way for banks, insurance and lending companies to determine if you’re likely to miss payments or default on a loan. It’s also common for landlords, employers, and government agencies to check your credit before confirming a transaction. By understanding where the numbers on your credit report are coming from and how they impact your overall score, you can make better financial decisions to improve your credit worthiness.

While there are many variables that go into calculating your credit score, here are the five most important components:

Payment History: 35%

is there a way to keep your personal residence from showing on your credit report if so how, thanks

I was told by another investor that the capital Gains tax has been or is scheduled to Increased to 37%!!!!does anyone know if this is true?