Shannon X.
Trying to understand something
I have seen now many sites with Behind in payments? Will pay the back payments!
So how does this actually work? I understand the concept... but if someone pays off the back payments how does that person get paid back...
Jessica G.
Help me understand appraisals
The DFW market is insane right now, completely different now than it was even three or four months ago. Inventory is extremely low and prices are getting higher weekly in nice middle-class neighborhoods. Everything...
Joe Smith
Understanding "Class" of buildings
Hi - I have experience in SFR and 2 unit properties and am looking to delve into larger 5+ MF.
How do you determine if a property is Class A, B etc?
Examples: I presume a Class A would be a 110 unit, higher-end pro...
Adem Karaduz
Understanding the Condominium Budget
I'm looking to invest in a condo, and I am reviewing the condos financial documents. I reached out to the current owner, and they provided me with this(See Attached). I'm trying to get a good understanding if the asso...
Jayden Woodrow
Understanding Rental Property Investing
So from my understanding the name of the game is as such
1) drive for dollars (locate a house that’s beat up or obviously vacant/poorly attended)
2)make an offer(get in contact with said potential seller and talk ...
Neil Anthony
Understanding "Cash-Out" Refinanace
Hello all! I'm kind of new to all of this, and I was wondering if someone could help me understand the benefits of cash-out refinancing. I've heard people say you can take money out/cash-out tax free!But as I THINK I ...
Bobby Shipman
Trying to understand Auction.com
Im very very new investing and Im looking at houses on auction.com. I would love to bid on some of these houses but haven't found any financing and honestly Im worried ok more scared about jumping in on my first deal...
Account Closed
I don't understand Refinancing
Hi Guys, Sometimes its the simplest concepts that I overthink, but I am having a bit of trouble comprehending a refinance. Lets assume I take out a mortgage for X amount amortized over 30 years at 6%. When I refinance...
Account Closed
Understanding Private Money Loans
Hey BP,My wife and I are self-employed and have a nice savings but because of our taxes (we expense A LOT of things) we're having trouble with conventional loans so we started looking at Private Money Lenders. We're l...
Colton S.
Help Me Understand Financing
Hey BP,I had a few questions about financing that I cannot seem to find a clear answer for. Let's say I am looking to buy a house for 70k, the apprasial comes at 85k, which mean the loan is 82.353% of the home's value...