Worth 400k and 240k principal balance.

In the old days it used to be 1% of the principal of the mortgage 

As applied to 1031 exchanges, the most relevant exceptions that allow you to disregard FIRPTA include:You (the Buyer) are going to be using the property as your principal residence, and the fair market value is less than $300,000The Seller provides you with a Certificate of Non-Foreign Status (meaning that FIRPTA does not apply)If the foreign Seller obtains a FIRPTA Withholding Certificate by filing Form 8288-B.It is important to note that the foreign Seller cannot submit the Form 8288-B until there is a valid real estate contract.

Folks just have to realize NO money up front and especially.I wish BP would be able to tag the American Greed episode on REmington financial and tag Ingrid Robinsons website .. these were classic cases of fake lenders.. with Ingrid being the victim and taking down Remington who had been doing this for over 20 years.. those guys had some cajones they took Due Diligence and deposit money for all those years but never over 10k so anyone complaining it would not go anywhere.. it was said on the show that in all those years they closed no more than 3 or 5 loans.. both the principals got major prison time.the issue today is most of these folks are hiding on the internet or are off shore very tough to catch and your not getting any funding or money back thats a given.

Hi @Emma Hustis, You are acting as a principal and assigning your entity's right to purchase to another entity or individual.

This means that the income from the property can pay its expenses and generate a pre-tax profit.DSCR formula: Add up the expenses tied to the property (monthly taxes, monthly insurance, monthly homeowners association dues if applies, monthly principal & interest payment.

Smith, RA - Principal Architect at Architect Owl PLLC (Licensed in NY & CT)

For the properties you've acquired at $350K each with a $50K down payment and seller financing at 6%, you've already built equity equivalent to your down payments plus any principal payments made since closing.

With 30 year loans you can still pre-pay principal if you want and wait to refinance into a 15 or shorter when the time is right and rates are lower.

Principal reduction isn’t included.