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5 October 2016 | 4 replies
This will invaribly be different for each rate and scenario but just a general gauge.Even though rates are in the 3's and 4's the monthly payment or what we call the "mortgage constant," on our end is higher because your payment does not consist of just interest, but interest and and 1/360th of principal on a 30 year fixed loan which is designed to amortize/payoff to $0.00 balance by year 30 or 360 months.Typically a rate around 4's will have a monthly mortgage constant of around .50% monthly (6.00% annual) or about $500 per month for every 100,000.Sometimes when the rate gets into the high 3.50% range the MC is around .45% per month ($45 per month for every 10,000 borrowed) so it doesnt vary much while at 4.50% 30 year fixed the MC monthly is around .507% or $50.70 per month for every 10,000 borrowed.I suppose all this technical speak means is that if you borrow money where the outflow out of your pocket is around 6% with interest and principal considered then you'll probably want to reinvest it somewhere else where you can get considerably higher rate of return on this cash than 6.00% atleast this is how I look at it.If you want to make 6% + 6% for cost of funds then you'll want an investment with a hurdle rate of 12.00% or higher cash on cash as an example.
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6 February 2017 | 7 replies
The meeting starts at 6:00 PM.You can arrive at any time but from 6:00 - 6:45 PM they'll have a Q&A which is very helpful for newbies.
15 October 2016 | 6 replies
I was informed by my property manager that the standard time to find a new tenant would be 45 to 60 days.
7 October 2016 | 4 replies
I already get the impression they will be reluctant to leave, how should I pursue this, as I do you want the unit for my primary residence and I would like them to move out within 45 days?
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16 August 2016 | 45 replies
Source:http://www.marketwatch.com/story/45-of-americans-p...The middle class, including me, can and does invest in real estate.
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6 November 2016 | 6 replies
My father was in real estate buys and sells for about 45 years and he has taught me a little bit.
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16 August 2016 | 35 replies
The best DTI you can probably hope to achieve with a bank loan is about 45%.
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18 August 2016 | 13 replies
Holland, Muskegon, Ionia, and Other communities that surround GR within a 45 minute drive will likely be a good place to put your money.
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16 August 2016 | 19 replies
From what I recall BMW, Glaxo Smith Kline, and a few other companies are nearby approximately 30-45 minute drives from here.
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15 August 2016 | 1 reply
Also...the eviction process...this is literally my first property. 30-45 days I know....anything I should know that would help or from past good or bad experiences with this?