Many times I have to address the difference between Replacement Cost and Market Value to my clients. Unfortunately, there is a disconnect between Mortgage Underwriters and the actual distinction between the two. The m...

Can someone fully explain how a final judgement amount works at a foreclosure auction?For example, here is one that I saw the other day:Final Judgment Amount:  $225,551.22 Plaintiff Max Bid:  $129,917.13 Amount:  $130...

This is the sale of a participation interest in the First Mortgage secured by this classical late 19th century architecturally beautiful property making it a potential rental or fix and flip opportunity. The Estimated...

First, depreciation is a short-term benefit. It puts extra money in your pocket every year while you own the property. But, when a property is sold, previous depreciation deductions taken from the property will have...

Hello Bigger Pockets world. I was hoping someone can help breakdown what a hard money loan would look like. I know that every deal is different and everything can be negotiated but how does a hard money loan generally...

I recently found a podcast that does a good job explaining how private equity firms and "the crowd" can work together, with benefits to each. In other words: real estate crowdfunding explained. At the end, they explai...

HiI have formed an LLC in California. I did this because I will need an LLC to be able to get a loan from my HM lender. Filing date was July 14th 2016, but so far I have not done anything with it. I am the only member...

I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...

Greetings all,

I apologize if the answers to this are buried in the forum and I haven't located it but I'm hoping some folks won't mind explaining direct mail list criteria. I know it may seem like a very fo...

Hello everyone,

I received this message from the mortgage company I am using this morning: “One thing that I was told is that the interest rate would be around 7.875% with 1.25 discount points.”

The interest rate se...