2 March 2016 | 10 replies
If you live in Michigan and can recommend a experienced accountant that would be beautiful!
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3 March 2016 | 2 replies
The beauty of commercial is that its all about the numbers and not emotion
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3 March 2016 | 7 replies
I am going to list the high points below:List price $35,000.00Negotiate down to $29,750.00 (15% reduction)Down payment of 15% = $4,462.50My principal = $25,287.50Interest Rate = 5%Term on loan = 15 yrsNote = $199.97Sale price to lease option holder = $44,625.00 (1.5 x my purchase price)Down payment paid by buyer = $4,462.50 (10% of purchase price)Buyer principal = $40,162.50Interest charged to buyer = 8%Buyer term on loan = 15 yrsTaxes = $50.00 (added directly to buyers monthly payment)Insurance = $50.00 (added directly to buyers monthly payment)Buyers monthly payment = $483.81 (Note + Taxes + Insurance)Buyer covers all maintenance and repairsMy monthly profit $183.84The beauty of this plan to me is that the amount I put down in a down payment is the same amount that the buyer pays me in a down payment which causes me to have ZERO money on the table when they start making monthly payments.
21 March 2016 | 38 replies
Probably original hardwood floors, beautiful classic design.
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5 March 2016 | 7 replies
This is the beauty, of BiggerPockets.
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22 January 2016 | 7 replies
The beauty of MFRs is you essentially have one house in the sense of insurance and taxes.
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23 January 2016 | 11 replies
Thanks for posting @Jake Thomas and @Kevin Scanlon, beautiful work!
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24 January 2016 | 18 replies
I'm bringing my family so we're not chasing the beautiful people glamour thing; we're chasing something far more real lol.
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25 January 2016 | 15 replies
New financing sources with better terms.I'm sharing with them and they're sharing with me.Thats the real beauty of what BP does.