According to Wikipedia; the definition of Capitalization rate (or “Cap Rate”) is a real estate valuation measure used to compare different real estate investments. Although there are many variations, a cap rate often calculated as the ratio between the net operating income produced by an asset and the original capital cost (the price paid to…
Definition of ‘BPO’ : BPO is an acronym used extensively for a “Broker Price Opinion.” While we do CMA’s, or Comparative Market Analysis, for our real estate clients, BPO’s are different. A lender, bank or loss mitigation company may have homeowners with delinquent mortgage payments. In the period before foreclosure, the lender will pay a…
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