Member
Joined: 2010-07-31
Points: 16
OfflineName:
lodgie james
Location:
Hercules, ca
About Me:
I'm 26 years old. I live in Hercules, ca, it's in the bayarea, I am currently in working fulltime and going to college fulltime and am trying to make my mark in this world. I am interested in realestate and will find a way to become successful at it and make a lot of money. I don't know to much right now and am a "newbie", but I'm sure i'll get the hang of things eventually. I would be appreciative to anyone who would like to share them wisdom with me.
Interests:
I love sports, watching thriller/ suspense type movies, traveling, and having fun with family and friends.
Question About REO's
Just wondering if I was to for example buy an REO at $50k all cash, and it's worth 100k, would I be able tp take out a HLOC (Home equity Line of Credit) based on the value of the property ($100k) or for the amount I paid ($50K). Does anyone know the answer to this question. It would be greatly appreciated. Thanks in advance.