
23 January 2025 | 16 replies
Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.

19 January 2025 | 269 replies
Why not have an online meetup in the second week of April?

15 January 2025 | 15 replies
When I looked into IRA accounts, I found that it didn't do service to my situation.

19 January 2025 | 8 replies
With 0% down and 30 year amortization, your monthly debt service will be $1756.

17 January 2025 | 14 replies
I always loved having an HELOC on my primary residence as the answer for me.

16 January 2025 | 5 replies
It kind of depends on the type of properties you're looking for funding on.

11 January 2025 | 6 replies
My cousin is using one and likes it.Cell service is weak at our cabin PF so it would not work there.Might be good for a smaller house in an urban area with good cell service.

12 January 2025 | 1 reply
Just make sure you do you research on Manufactured guide lines and requirements.

10 January 2025 | 12 replies
Definitely open an LLC if you haven’t done so already and once you have a couple under your belt, you will have lenders lining up for your business.

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.