Hey everyone, I genuinely don't understand what refinancing a home is. I've tried to look up the meaning and I end up reading entire pages with no understanding. Can someone explain it to me please?

Hello fellow BPers,

I am a bit confused, from what I always understood a cash buyer.... buys whole sum of cost of property in cash. My financial advisor recently told me that I am a cash buyer because I have $40,00...

Hello,I am looking to buy a rural house in South Carolina.  It is a large old farmhouse that has lots of additions to it over the years.  On the second floor there is a back staircase and a sort of "in-law" suite with...

Is there a place/post on BiggerPockets that provides terms and definitions of real estate/financing? I see many things I am not quite sure about like, 2b, wrap, and other types of financing options.

Thanks

Rick

Hey guys,

I've posted a few deal analysis reports on properties I've found on the MLS or from an agent OOS

I've gotten a lot of "don't do turnkey" which I'm sure is good advice generally.

My question is though, if...

Hi AllI am located in SC Indiana in a very small rural community. The nearest town of any population is Columbus, Indiana, which is just south of us about 10-15 miles. This is where we would go to do most of our shopp...

Since Mr. Klaus was waxing philosophical I figured I would start a topic about wealth. Entrepreneurs seem to think quite differently about wealth than the general population does and the media has a distorted view...

My story will probably not sound even remotely like a success story to most of you, but to me it goes beyond success to near miracle.I joined Bigger Pockets well over a year ago. And I was so scared  I was receiving c...

I attended their 'free' 2 hour class and it at first sounded okay. So, at the class, I paid $50 of the alleged 'discounted' amount of $197, to attend the 3 day conference which wouldn't be until the end of the month. ...

I thought there was already a thread about funny/humorous real estate definitions here on BP, but unless Steve can find the link, I'm guessing I read something similar elsewhere.

So let's start one here. I'll kick i...