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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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25 January 2025 | 12 replies
Without that network, self-management would have been nearly impossible for me.Here are a few thoughts based on my experience:1.Showings: From out of state, you’ll likely need to rely on a trusted person to handle this.
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14 January 2025 | 4 replies
There are financing options based on your specific circumstances.
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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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24 January 2025 | 36 replies
They use demand-based pricing like anyone else who cares about revenue.
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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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3 January 2025 | 5 replies
I like a navy, darker blue, charcoal or Teal but it really depends a lot on lighting, natural light and how big the kitchen is.
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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.
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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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12 January 2025 | 2 replies
3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).