All Forum Posts by: Max Versteppen

Conventional loans require you to leave between 15-20% equity in your home after a refinance, and FHA loans require at least 15%. The only exception to this rule is with a VA loan refinance, which doesn't require you to leave any equity after you refinance.

Zero balance lease/life estate: the purchaser pays in advance for the right to occupy a unit for the duration of his/her lifetime. No redemption value exists (i.e. the lessee or the lessee's estate cannot sell the leasehold interest).

Risk tolerance is the degree of variability in investment returns that an investor is willing to withstand in their financial planning. Risk tolerance is an important component in investing.

Set Goals and Know Your “Why” You should be setting both small and larger goals for your business. ...

Set Up Your Legal Entity. ...

Set Up a Monthly Budget for Marketing. ...

Set Up a Website. ...

Secure Financing. ...

Continue Your Education. ...

Analyze Deals. ...

Set Up a System for Taking Lead Calls.

House hacking is one of my favorite ways to get started in real estate investing. It is a method to live for free or almost for free by making a small multi-unit rental property your principal residence. In this way, your tenants basically help pay for your housing expenses. The concept of house hacking is simple.

A sole proprietorship is the most common form of business organization. ...

A partnership involves two or more people who agree to share in the profits or losses of a business. ...

A corporation is a legal entity that is created to conduct business.

Hire a real estate agent to navigate your short sale. ...

Gauge the market to determine whether prices are biased toward the seller or the buyer, and how long the property has been on the market. ...

Offer 10 to 15 percent under the approved price to open the negotiations.

The length of the entire foreclosure process depends on state law and other factors, including whether negotiations are taking place between the lender and the borrower in an effort to stop the foreclosure. Overall, completing the foreclosure process can take from 6 months to more than a year.

Interest rates for seller-financed loans are typically higher than what traditional lenders would offer. The seller takes on some risk by holding financing, and he or she may charge a higher interest rate to offset this risk. It's not uncommon to see interest rates from 4% to 10%.

During a recession, you might be inclined to give up on stocks, but experts say it's best not to flee equities completely. ...

Reliable Dividend Stocks. Investing in dividend stocks can be a great way to generate passive income. ...

Real Estate. ...

Precious Metals. ...

Invest in Yourself.