Hello 👋 I’m so happy to join this forum, heard a lot about it on BP podcasts, I’m new to real estate and would love to connect with you all, share valuable information and insights and also grow together. Let’s have fun 

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.

That window of course has not yet opened due to the fact that the new plan is not finalized.

For instance instead of having to stay glued to new listings, find the ones that show potential, then estimate rent, then put them in your calculator, then look at comps for ARV, then finally calculate offer price etc. 

I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved.

Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number.

Hey everybody, I've been listening to BP podcasts for a couple years now, and I'm excited to finally get in here and start accelerating my learning and meet some like-minded people. 

I have been an avid listener of Bigger Pockets podcast since 2020 and am very hopeful I can finally begin my real estate journey sometime this year either in state or out of state (or Both!)

We plan to spend the next 6-12 months continuing to earn and save, as well as nail down a final market we want to househack in.

I wanted to use the camera footage as evidence in a civil case against the tenant.I was initially told that it would take 2 weeks to get the footage to me, then that blew out to several months, and now finally 6 months later they finally get back to me and tell me the footage doesn't exist, even though the initial report said cameras were activated.That footage would have shown that the tenant was making threats to damage my property (which she made good on).Do I have any recourse on the police for failing to provide the footage on a timely basis?