All Forum Posts by: David King

@Michael K Gallagher thanks Michael, that cleared it up for me! Your calculation was spot on. I am doing it this way solely for learning purposes right now so I can grasp the concept of what’s going on, but eventually I will transition to an easier route like you mentioned. Thanks again!

Hey everyone! I’m practicing deal analysis and I’m having trouble estimating what the monthly PI payment would be. I began by trying to do the math on my primary residence, but my calculated PI is ~$170 higher than my actual PI. So, let me show my work and hopefully somebody can point out where my calculations are wrong.

$175,000 PP

2.75% (30 yr./fixed)

$175,000x.0275=$4812.50 annual interest

$4812.50x30=$144,375 interest paid on loan

$175,000+$144,375=$319,375 total paid over 30 years

$319,375/30=$10,645.83 annual PI payment

$10,645.83/12=$887.15 monthly PI

What did I do wrong for my calculated PI to be almost $200 more than my actual PI?

Thanks!

Does anybody have a recommendation for a solid RE Attorney in the Mobile, AL area that can help with LLC questions?

@Whitney Hutten thanks for the help! I’m going to review the guides and I’ll reach out if I need some clarification. Thanks again!

@Scott W. PM sent!

Hey everyone,

After a long period dedicated to research (and possibly a case of analysis paralysis), I've built up enough confidence where I'm "comfortable" pulling the trigger on my first real estate investment deal. It will be a BRRRR deal, and I plan on funding it using cash and HML. Can anybody share with me good or not-so-good experiences with particular HMLs?

Thanks!

Hey everyone!

I’m new to this area, and new to real estate investing, so I’m looking for some REIAs around Baldwin County or Mobile where I can learn from the pros and do some networking. I’ve had a hard time finding active REIAs around here using google. If anybody knows of any meetups in this area, please let me know!

@Peter Roehrich okay, that makes sense. Thank you for the very useful information!

@Peter Roehrich thanks for the reply! I know it was kind of a broad, strange question. I guess a better way of wording my question would be to ask what the benefits are of getting a degree in real estate. Maybe which careers in real estate are typically held by people with a degree rather than those that do not have a degree?

Hello everyone,

I hope this is the correct thread for this question. I am currently in the military and will be getting out within the next year to attend college. I have been learning as much as I can about real estate investing from forums, books, podcasts, etc. As much as I enjoy learning about real estate, it has me interested in earning a B.S. degree in Finance with a Real Estate concentration. My question is this: which real estate careers are available ONLY to people with a degree focused on real estate? Thanks in advance for any and all replies and information.