If rates drop in the future, refinancing again could lower your payment, but it’s good to make sure the numbers work now just in case.

From my understanding, mortgages are considered riskier investments than most other loans because the borrowers can repay early with little to no extra cost. If I hold a 6% bond and the rate on new issues drops to 3%...

In the future you will have smaller deductions each year than you would have had if you didn’t do this.

So, for future sakes, I wouldn't get involved in these deals, unless I have more of a gap. 20-23k or so of profit is SUPER tight.

@Sherry TsaiWhere are people going to be moving to in the future? 

In the future, be very specific about these agreements.

There is a lot of upside and the future looks good too.

I do not think he showed any real knowledge about real estates other than selling the products and if you do not, it is all gloom and doom for your future.

I have my faith and I know it will happen but like you said, I need to focus on my credit and my finances and I’ve been in Work of doing that so I definitely see a bright future and Real Estate thank you for, this is exactly what I needed to motivate me.

When I think of waterfalls, I think of something like the LP getting say 1) a 7% preferred return 2) return of all capital AND then 3) the GP gets 25% split of all future proceeds/profits.