Francisco Ycaza
Understanding Commercial Building Financing
Good evening Colleagues,
I join BP just about 2 weeks ago and this is my first post . I sent out a Yellow letter to a owner of a small Commercial building in the Bronx , New York back on November 20 and 4 d...
James Sanders
Understanding the BRRRR strategy
Hey guys/gals
I just had a quick question regarding the BRRRR strategy. How exactly does the cash out refi work?? If you say bought a house for 100k and put 50k rehab into it and cashed out at say 200k how do you figu...
Marci Stein
Help me understand something
so I have a buyer for my house at 58,5000. They want a seller concession but not sure what that changes for me?Buyers agent sent me a message ( thru my agent) which says"buyers will roll maximum 6 percent into loan fo...
Steven Figone
Help Understanding RE Rhetoric
Hi BP,I am having trouble reading a listing for a house. It is a 4 bedroom currently in foreclosure. It is currently under the 2% rule but I was hoping I could offer 20% off the asking price to bring it close to 1.5%....
Abdulmatin Sanni
Understanding What Escrow Is
Hello, I need some clarification on what escrow means and when it comes into play, is the escrow period after the contract has been signed but before closing? and do all buying and selling real estate transactions inv...
Antonio Pican
Understanding debt financing - multifamily
After doing some hefty learning for the past several months I am failing to understand the described below scenario: If I buy a multifamily property at 600k with 20% down and finance the rest at say 6%..after running ...
Tereal Wilsonn
Understanding the mortgage system
Greetings everyone
Please help me understand mortgages , what's the purpose of a mortgage company /bank if they still need to get permission from underwriters .
Terea
Brian Porter
Understanding hard money loans
If anyone could just let me know if I am on the right track here that would be awesome! Here is a simple scenario as I understand it:I find a house with an ARV of $350,000. I offer 70% of that minus $50,000 for repair...
Stephanie DeLeo
Foreclosure Listing - Help Understanding
Hello - just need a quick piece of help here. Looking at a listing and in the Property History section it lists the "Foreclosed Date" and the price. Then more recently it has the "Listed by Bank" date and a lower pr...
David Dachtera
Your Understanding of "Snowballing"?
Looking for folks' understanding of "snowballing".From what I've found while Googling generally, it seems to be a hybrid of the "Debt Snowball" promoted by Dave Ramsey and "debt stacking" from Primerica in that it sug...