All Forum Posts by: Mike Mitchell

I've been using bankrate.com to print off my amortization tables, but they've changed format and it's too difficult to read and they don't offer a printer version so it prints really small. So, does anybody know of another website that offers a printer ready version of amortization tables? I like to have one that shows accumulated interest paid. :D

So this morning I went on my merry way to purchase an iphone. The people at Wal-Mart were telling me that if my credit stinks they'll need a deposit, might or might not be able to keep my number, so I visited an AT&T store. The salesman there talked me out of the phone saying that one can't send or receive photos, if so much as a mute button gets broken, the warranty is voided and he also mentioned that the phone cannot be insured. If I lose or damage the phone I get to pay 400 bucks for the second one and around 500 bucks for the next one!!!!!! I'm sticking with my 2 tin cans connected by a string until I learn more about all of this. Oh, and if you decide you don't want e-mails after all, they will not ever take that off of your bill. WOW!!!!!!

Thanks for all of the replies. I thought that I had heard that number portability was now federal law. That's good news. Jon, things might be easy on a mac once one finds them. Why does Mac love to hide everything? For example, the fly speck at the bottom of your e-mail list. One day I hit that by accident and didn't know what I had done. Even the people on the Mac line were floored. They had me removing the battery and a lot of other silly stuff. I'm getting more used to it, but my pc really was easier to figure out!

I'm thinking of purchasing an iphone. A couple of questions for you users. Can I keep the phone number that I have with Sprint (it's on my Real estate signs and cards!). And secondly, is the iphone as needlessly complicated as my macbook pro (I have yet to find a good teacher or video than can explain these things!).

:lol:

Do any of you use a people locating service to locate the owner of a property. I've tried a few with poor results. They always want to "fraudproof" my credit card. I simply need a quick way to locate owners.

:D

I know it seems tempting to take on a partner. Why would one do this?
1. The other guy brings money to the table
2. The other guy brings a lot of skill to the table (perhaps making up for your lack in some respects.
3. It seems like it will be fun.

In my view, I think you should do this on your own. Make all of the decisions. Control everything and possess everything. You can arrange financing even if it means growing slower. Please don't do a partnership, run from it!!!!!!!!
Ask yourself, and by honest, why another person would want to take you on as a partner. Then ask why you would take on another partner and refer to your line about disagreements. Why would you even think about it?

In real estate we have a process of Due Diligence. Politicians don't practice such a thing!

One more thing. Does anyone know the legality of having a buyer sign a quitclaim at closing? Anything not kosher about that? Also, Southeast Investor, one of the great selling points for seller finance, besides the buyer not having to go see a scary banker, is that I structure the monthly payments, with tax and insurance, a little less than people in the area are paying for rent. This appeals to a lot of people.

My experience is what All Cash mentioned about price and escrowing. I have had buyers who only wanted to talk about the monthly costs, no questions about interest rate or sale price! Of course these are always disclosed as we discuss the note and payment expectations in great detail with a lot of "you are going to pay this on time, aren't you?" thrown in. Most of my mortgagers pay their taxes and insurance but one or two can keep you hopping so I decided that I would escrow and make the payments for taxes and ins. once a year and KNOW that they are paid.

Jay,
I've been out looking at deals (and seller financing 2 that I recently sold). Yes I'd be glad to visit with you.
Mike Mitchell