All Forum Posts by: Joe B.

Definitely interested!  First week of January is tight, but I'll do my best to make it work when time/date are set.

Thanks for the warm welcome and the helpful tips.  I have a lot more reading to do on BP and I think I'll setup an alert for "credit risk" to make it easier for me to help others too.

Thanks for the welcome and that calculator appears to be working as intended now.  Your team works fast!  Well done!

Hi everyone! I never really planned to enter REI as a business but I found renting my SFH more appealing than selling it earlier this year. I'm beginning to appreciate the idea of "passive" income thru a Buy and Hold strategy. However, I don't plan to jump into REI as a full-time profession at this time since I love my 9 to 5 working as a credit risk analyst.

For now my REI plan involves being an attentive and responsive landlord and property manager, providing a rental home that I would live in myself, and keeping rent a little below market to reduce turnover.

I can certainly offer to others my expertise in answering credit risk questions so I'll try to be on the lookout for those on BP as I check back here from time to time.

PS - For those that don't live in San Diego, the location of my profile pic is a place called Potato Chip Rock.  One of many great hikes the area has to offer.

- Joe Beals

@Joshua Dorkin @Brandon Turner I've searched the site to see if anyone has mentioned the following yet and it doesn't appear so.  The Mortgage Payment Calculator appears to have a bug or interesting "feature".  It's common for interest rates to be expressed in 1/8 increments, but the calculator rounds the entered value to the hundredths place for display purposes.  More interesting is that the calculator only considers the integer portion before the decimal in the P&I calculation.

For example, if the entered amounts are Loan Amount (100,000), Loan Period (30), and Interest Rate (5.125), then the monthly P&I payment returned is $536.82.  Based on my own calculator it should be $544.49.

If I change the Interest Rate in the calculator to 5.99, the monthly P&I returned is still $536.82 when it should be $598.91.

Not a big deal for anyone just browsing and using whole number interest rates, but thought you might want to know about this "feature".

*Also, as this is my first post as a new member, hello and THANK YOU for all you have contributed to BP.  I guess my next stop is a more formal intro on the new member forum.