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19 January 2025 | 7 replies
Thanks all I never buy a property based on it being tax benefits.
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29 January 2025 | 47 replies
Here is how I look at it:If you have $125K in a Roth 401K that will earn tax free earning at just under 10% per year, you will get a doubling every 4 years based on the rule of 72, making that $125K worth $2M in 30 years.
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14 January 2025 | 4 replies
Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.
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24 January 2025 | 36 replies
They use demand-based pricing like anyone else who cares about revenue.
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16 January 2025 | 0 replies
Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.
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12 January 2025 | 12 replies
And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction.
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24 January 2025 | 12 replies
Based on our data, it. takes several hundred calls to even get an appointment.
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15 January 2025 | 8 replies
@Deepak Malhotra based on your sales price, I assume this was also sold many years ago.
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14 January 2025 | 4 replies
There are financing options based on your specific circumstances.
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17 January 2025 | 7 replies
The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.