Account Closed
Mysteries of Zillow . . . Can someone explain this ?
I recently listed a fully furnished Short Term Rental in North Phoenix on the MLS.On Zillow, they track how many total views and total saves that property has had at their site. I've been tracking the report. So, afte...
Kendric Buford
Assumable Mortgage Scenario (Explain like I'm 5)
I've been trying to wrap my head around assumable mortgages, but I'm not sure I get it fully. Can someone tell me if this scenario is accurate, or explain it like I'm a child?Scenario: (using round numbers so I can fo...
Jim Sestito
Help me explain Seller Financing to Grandma!
Hello BP,Dear Grandma is looking to downsize. Her house completely paid for and she has one note on it that she used to purchase a car with a about $18K remaining.The house is a two family. The main unit is a 3 bed...
Jeffrey Harden
Texas Wholesaling - Explaining the TREC to sellers
Hi, everyoneThis is my first post here on biggerpockets, it's nice to meet everyone! So just like most newcomers here, I'm fairly new to real estate/wholesaling and been doing a lot research to grasp a good understand...
Jonathan H.
Explain 30 year fixed FHA loan please
Hi guys,
Im a Canadian citizen buying in the US and have been telling my family about the loan I will be getting.
I will be getting a 4plex at ~4.5 for 30 years fixed.
Now, both sides of my family (in Canada) are s...
Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...
Account Closed
BRRRR Strategy Explained & Cash-Out Refinancing
I've read a bunch of articles on BP but still can't get my head wrapped around the BRRRR strategies and specifically the financing parts of it... Could someone help me fill in the gaps?Obviously BRRRR stands for:B - B...
Justin Goodin
Pref Equity & The Capital Stack Explained
When a sponsor uses pref equity in a real estate deal, they are putting limited partners higher in the capital stack.(higher = more risk)The capital stack explained:The sources financing that are used to fund a real e...
Jon Martin
VRBO "Host Fee" when booking . . . Please explain?
Trying to make booking for 2 nights business and 1 night pleasure next week. I was looking on VRBO so that I can burn up the last of my Hotels dot com rewards now that future accruals are at 20% of what they used to b...
David Weis
Can someone explain HUD and Fannie Mae?
Excuse me if this is not the right forum.
I am in Tampa, Florida. I see a house that SunTrust Mortgage bought at auction in August 2013 for $72,100. The property appraiser's website shows a Certificate of Tit...