Knowledgebase
All of Think Realty's extensive content archive is at your fingertips. Filter by media type and keyword to hone in on exactly what you need.
Knowledgebase
All of Think Realty's extensive content archive is at your fingertips. Filter by media type and keyword to hone in on exactly what you need.
When an impartial third party holds something of value (in real estate, usually earnest money) during the progress of a transaction. If a home is “in escrow,” that means that the third party is holding the earnest money while the contract is negotiated and the deal is closed. Lenders may ...
Value found in an asset. In real estate, equity is the amount of value in an asset after the cost of the mortgage and other collateralized debts are deducted ...
Money paid to confirm a contract. If you back out of a contract on a property, you will likely lose your earnest money ...
How To Recession-Proof Your Business and Your Credit with Merrill Chandler
00:32:09 | In this exclusive class you will learn: - How to avoid business credit imposters and the secret to what REAL business credit is - How to optimize for business credit approvals - How to avoid approval-killing red flag words And much, much more! After you attend this ...
Infinite Banking with Rentals: Other People’s Money with Gary Pinkerton
00:30:01 |Ever wanted to personally own a bank and use it to fund your real estate portfolio? It is simple to do and provides tremendous benefits in this high inflation and high interest rate environment. Grow wealth predictably and protect your family from loss of your income in the meantime ...
The Solo 401k: Real Estate Investing’s Secret Weapon with Derreck Long
00:41:11 | Come learn why the people are switching from Self-Directed IRAs to Solo 401ks. The Solo 401K truly has become the new secret weapon when raising capital, investing into any syndication, or just looking for big tax deductions. Other Replays for this Event ...
What to Look for in a Property Management Company
Managing a rental property is a full time job, and for those property owners who desire a little more free time, hiring a residential property management company is an excellent way to take some of the burden of rental ownership off of your shoulders. There are a number of companies ...
The initial payment made when a property is purchased on credit. Down payments usually range in size from 5% to 25% of the value of the loan and may affect a lender’s decision to require mortgage insurance ...
The people and organizations with whom your IRA should never conduct transactions, including (but not limited to) yourself, most of your family and any business entities you control ...
Loss of value. In real estate, depreciation can be a negative or a positive, since it may be associated with tax deductions in some cases ...
Late. When a mortgage is delinquent, the borrower is late in making payments ...
When the borrower conveys all interest in their mortgaged property to the lender in order to satisfy a loan and avoid foreclosure ...
When the borrower conveys all interest in their mortgaged property to the lender in order to satisfy a loan and avoid foreclosure ...
A legal structure used in place of a mortgage to secure a loan by pledging real property. Deeds of trust involve three parties: the trustor (borrower), the lender (beneficiary), and the trustee, whose function it is to sell the property at auction if the trustor defaults on payments ...
n. a legal document that, when signed and delivered, conveys ownership of property or legal rights v. to transfer property rights via legal deed ...
The branch of law dealing with asset protection ...
A three-digit number used as a primary indicator by many lenders of how likely a borrower is to pay off a debt. Scores can range from 300 to 850. The higher the score, the more financially trustworthy a person is considered to be ...
The compilation of eligible repayment information into a single report on a borrower’s past behavior regarding payment and nonpayment of debts. Credit reports may include information from banks, credit card agencies, collection agencies, government agencies, and other lenders. Not all information included in a credit report may be used to ...
The record of a borrower’s repayment of debts. The data included in this history includes every payment behavior, but not all of that data is legally available for inclusion in a credit report or usage by an entity evaluating a borrower’s credit risk ...
A solution for corporate employees who need monthly lodging, usually provided through businesses offering fully furnished private residences for stays of 30 or more days ...
Conventional mortgages are not insured or guaranteed by the federal government (neither a VA nor FHA loan). Conventional mortgages adhere to guidelines set by Fannie Mae and Freddie Mac and may have a fixed interest rate or an adjustable interest rate. While not included in the definition, a reference to ...
A traditional bank lender offering conventional mortgage financing using traditional methods to evaluate credit risk. Conventional lenders tend to offer qualified mortgages based on credit rating, loan-to-value (LTV), and down payment ...
Construction loans are intended to finance construction of a physical structure rather than to be long-term financing. Residential construction loans may be converted to permanent after a home is complete in some cases, while most commercial construction loans require refinancing in order to exit them. They tend to be a ...
An agreement between a buyer and seller that the transaction (in real estate, usually the purchase of a piece of property) if certain conditions are met ...
Comparative Market Analysis (CMA)
Evaluation of how properties in an area have sold conducted for the purpose of making predictions about how a specific property might sell in the future. CMAs use comparable properties (comps) in the local area to make predictions about price, time on market, and other strategic decisions when listing a ...
