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Results (10,000+)
C.S. Bryson Looking for advice on my first investment
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.
Robert A. Coloma Anyone dealt with a company LOANGUYS?
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.
Shaun Ortiz How Can I Best Support Investors Remotely with Leads on Distressed & Foreclosed Homes
17 January 2025 | 0 replies
I’m passionate about learning and improving my process to provide real value to investors, whether you’re focused on fix-and-flip, buy-and-hold, or any other strategy.Looking forward to your thoughts and insights!
Nick D. Pulling equity out of investment properties under LLC for a DP on a 3-family
17 January 2025 | 14 replies
I always loved having an HELOC on my primary residence as the answer for me. 
Mary Peale Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
I use pricelabs on all my listings and have really enjoyed it. 
Sean Dunbar Looking for advice to invest 965k of equity
16 January 2025 | 4 replies
Once you have a handle on that then you can decide from that point. 
Jerry Tello Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
I bought my first two liens over the counter and was able to foreclose on both and made out very well.
Steve K. Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
I'm not into Sub2.In MN when using the SOS "fast-file" online system to form a LLC it states, CLEARLY but often missed by people, Single member LLC's are a disregarded entity and legally held as sole proprietor for all legal purposes.
Bryce Jamison Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
There have been a few comments along the lines of "new homes aren't built with the same quality as old homes".
Steven Moutray New to REI, Building foundation
16 January 2025 | 3 replies
.## Strategies: Flipping, BRRRR, House Hacking- **Flipping:** Focus on properties that need renovation but have good potential for resale.