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BP Family!! I am trying to make sense of how a property can be listed on the MLS, then a few days later the price increases $10,000 or $20,000. If there was a demand for the property wouldn't the seller just accept on...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...