All Forum Posts by: Steve Tse

Hi there, great minds of BPs. Curious to know if someone has a good way to calculate the monthly payment on HELOC. For example, if I have 300k credit line at 3% interest for 10 years. I can derive that my monthly payment on interest only would total to $750 (300,000 x .03)/12

What would be the simplest way to calculate monthly payment on interest and principal ? 

Am I right to assume that the principal only payment be $2500/month (300,000 / 120) so principal & interest per month would total $3250 (750 + 2500) ?

@Zack and @Hannah, I am a new out-of-state investor myself and based on my research such areas as Memphis TN, Cleveland OH, Jacksonville FL are great areas to invest if you are looking for a solid cashflow. Some are even considered to be hybrid markets that have good cash on cash returns and property appreciation. On the other hand, I think Austin, TX has not so desirable cashflow, but would be my best pick if all I care is appreciation down the road. Right now I am primary focused on Memphis. When I analyze properties, I look for decent cap rate, ConC returns and cash flow. Let me know if I can be of any help or you want to brainstorm on anything

Hi Nina, I am looking to invest in Memphis myself, specifically Multifamily. What areas are you looking at ? What webinar are you looking forward to ?

Hi Angel, I am new to RE investing, but was thinking about multi family in Worcester. Is that a good city to invest ?

I am newbie in real estate market world and learnings things so I always wondered how do some people always find and get off market properties. For example, I see some developers buying and renovating and rebuilding houses that I didn't even see listed on MLS or what not ?

Very curios and happy to be part of bigger pockets community !