Hector Romero
Financing and Planning Additional Units (Young Investors)
13 January 2025 | 2 replies
They are all on separate parcels, paid off and occupied by long term tenants.
Esther Kamga
How to find Leads
24 January 2025 | 2 replies
Those who had luck getting work paid most of it to the company because of fees and others say it’s a scam.
Jonathan Small
2 Bedroom 2yr Rental Into Flip
21 January 2025 | 2 replies
The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.
Jeffrey Hill
Trying to figure out how to buy a home from a friend with assumable VA loan
13 January 2025 | 5 replies
Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.
Bob Bowser
Overpaid on tax upset sale ? Just walk away ?
19 January 2025 | 2 replies
Paid 12800.based on google mapsThe property is a mess.
C.S. Bryson
Is this a good deal?? New to investing and seller finance and looking for advice :)
24 January 2025 | 17 replies
•This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.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.Prepayment Penalty: None.
Gene Paniccia
Are these PM fees normal?
17 January 2025 | 4 replies
@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.
Arron Barnes
Anyone using RentRedi for rental payments? Good or bad?
19 January 2025 | 17 replies
Its dashboard is so cluttered, it hard to see who has paid and who hasn't.
Skip A Schenker
Mixed Use Multi Family Gut, Buy and Hold
16 January 2025 | 0 replies
Was paid sales commission to sell it to myself.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
The members did not observe corporate formality; The Defendant did not pay dividends; The Defendant was insolvent at the time of its actions; The Defendant’s members siphoned funds from the Defendant for their own personal use; The Defendant’s members comingled funds; There are no corporate records; The corporation(s) were a facade and alter ego of the member(s) of the Defendant.