A pro forma is a financial statement that shows projected financial results based on certain assumptions or estimates. It is typically used to estimate future financial performance, such as projected revenue, expenses, and profits. Pro forma statements are often used in real estate to project the financial performance of a property, such as projected rental… Continue reading What is Pro Forma ?
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What is Wholesaling in Real Estate ?
Wholesaling in real estate is a strategy where an investor, known as a wholesaler, finds a property at a discounted price, and then assigns (or sells) the contract to purchase that property to another investor at a higher price. The wholesaler makes a profit from the difference between the purchase price and the sale price,… Continue reading What is Wholesaling in Real Estate ?
How to buy foreclosure house ?
There are a few steps to buying a foreclosure property: It is important to note that buying foreclosed properties may come with certain risks and challenges, such as the need for repairs, liens, and other issues. It’s important to have a good understanding of the process and do your due diligence before buying a foreclosure… Continue reading How to buy foreclosure house ?
What is gift letter and how is it used when buying the house ?
A gift letter is a document that is used when a buyer is receiving a gift of money from a family member or friend to help with the purchase of a home. The letter is typically required by the lender as part of the mortgage application process to verify that the money is a gift… Continue reading What is gift letter and how is it used when buying the house ?