Michael Plaks
EXPLAINED: 1098s and 1099s for private lenders
This is one of those confusing tax issues that does not have a short answer: do I need to send Forms 1099-INT to my private lenders, and do they need to send me Forms 1098?Part 1: Forms 1098 from private lenders to in...
Adam S.
Can anyone explain a Multiple Advance Loan?
I am working on a purchase of a new rental property and the lender mentioned the option of a Multiple Advance Loan, where they would advance me additional funds up to the Loan To Value max of 75%. (this is in the con...
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...
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 ...
Shawn Legree
Newbie, can anyone explain what wholesaling is.
Hey guys I'm hearing all of you speak about Realestate wholesaling, can you all bring me up to speed on this subject.
Thank you
Shawn legree
Midland equity group
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...
Jon S.
How to explain Mandatory Minimum Cleaning Fee?
Do you charge mandatory minimum cleaning fees ( stipulate it in the lease) and apply against the deposit when the tenant moves out? If so, how much? My apartments have all tile floors, so there is no carpet to tear ou...