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12 January 2025 | 4 replies
For 1099 income, we will look at a 2 average of income using your NET NET income (bottom line income).
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17 January 2025 | 14 replies
I think the engineering issues on them have been resolved.I've used a number of different brands (lower price point) and haven't had issues with any of them.
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14 January 2025 | 1 reply
Hello Everyone,Joined a few years back and really like listening to the podcasts on my way to work.
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14 January 2025 | 1 reply
I have flipped new homes and townhomes but phased out raising a family and now am focused on utilizing my skills which are building, selling, expanding a circle of influence to focus my effort on the above.
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19 February 2025 | 88 replies
That's a lot of layers of markup on labor.
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15 January 2025 | 0 replies
Since 2022, rents tracked through the MLS system for the Charlotte Metro area have steadily dropped.90 Days of InventoryWe currently have 90 days of inventory on the market, a trend that’s persisted for five consecutive months.
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16 January 2025 | 5 replies
It kind of depends on the type of properties you're looking for funding on.
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20 January 2025 | 62 replies
I'm looking to do a cash out refi on a duplex I have, but I cannot find any reviews online or much of an online presence for them.
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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.