All Forum Posts by: Carlo D.

Thank you. 

Aaaah! Yes! Thank you so much @Chris Seveney I knew I was missing something so basic. 

Hello BP Community,

I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest). So I was hoping people here could educate me.

I'm trying to calculate the interest earned on a $100k loan over 15 years at 7%. Simple math tells me that 7% on a $100k loan is $7,000 in interest every year. $7k x 15 months is $105,000. Add to that the original $100k that was borrowed, the total received over 15 years should be $205,000. (In this equation, I am not considering taxes or insurance).

Using the BP mortgage calculator, I plugged in the same numbers $100k, 15 years, 7% and put a zero in the insurance and taxes section. The monthly payment that came out was $898.82. Multiply $898.82 by 12 months then by 15 years is only $161,787.60.

So why isn't it $205,000? What am I missing? Thank you in advance to everyone here.

Hello BP Community,

 I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest). So I was hoping people here could educate me.

I'm trying to calculate the interest earned on a $100k loan over 15 years at 7%.  Simple math tells me that 7% on a $100k loan is $7,000 in interest every year. $7k x 15 months is $105,000. Add to that the original $100k that was borrowed, the total received over 15 years should be $205,000.  (In this equation, I am not considering taxes or insurance).  

Using the BP mortgage calculator, I plugged in the same numbers $100k, 15 years, 7% and put a zero in the insurance and taxes section. The monthly payment that came out was $898.82.   Multiply $898.82 by 12 months then by 15 years is only $161,787.60. 

So why isn't it $205,000? What am I missing?  Thank you in advance to everyone here. 

Hello to the community!

Another newbie question here so I apologize in advance. If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?

Thank you in advance

Hello to the community!

Another newbie question here so I apologize in advance. If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?

Thank you in advance

Hello to the community!

Another newbie question here so I apologize in advance.  If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi? 

Thank you in advance

In the first 9 minute episode of David Greene's new podcast, he says that a while back, BP was bought by a private equity firm.  And this is where the creative differences started. I guess the camel's back broke eventually.

 @Randy Rodenhouse may I ask how/where you invest in the notes? Is it through Paperstac?