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17 September 2012 | 5 replies
Ty,Besed on your scenario a $45K loan at 30 years fix say 7% (investor loan) is $329.32 per month principal and interest.
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22 May 2013 | 8 replies
They may not want any principal back and only want interest payments. - What is the condition of the house?
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21 September 2012 | 3 replies
Steve is correct but let's understand that the an installment sale includes the principal of your basis in the property and the profit from the sale is recongnized as it is received, you're no worse off than if you had a cash sale.
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22 September 2012 | 10 replies
So if you did transfer to a LLC and the LLC even got a loan, you would probably still be on the hook for that loan with a personal guarantee.I'd say if they are only worried about the equity position on the existing unit, then you could improve that with a cash payment to the lender to reduce the principal balance.
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23 September 2012 | 13 replies
1.As an AGENT (i.e, you have established an agency relationship with one of the principals in the transaction), you are required to complete the agency disclosure form, it is a standard CAR form.2.As a PRINCIPAL (i.e. no agency relationship), there is no legal requirement to disclose your status as a real estate licensee, in CA.
25 September 2012 | 10 replies
If you really want to learn about your local real estate market, here are areas where you can learn about it:- Local realtors- Local brokers- Contractors- Other real estate investors- Appraisal district website- MLS- Home builders- Sales counselors for home builders- City-data.com reviews on your city- Local loan officers- Banks- Insurance agents- School teachers- School principals - City planning departmentStart more toward the top ... work your way down.
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2 October 2012 | 38 replies
As an investor and being a principal - you can draw up whatever forms you want to.
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29 September 2012 | 3 replies
Hello, I'm brand new to notes and wondering if these look like good deals.Non-Performing - #1 - Principal Balance - $30,062.77 at 11% purchase at $8k - ARV - $135kPerforming - #2 - Principal Balance- $155,745.61 @2% purchase at $60k - ARV - $100k#3- Principal Balance - Principal Balance $119,062.23 @3.5% - Purchase price $60k - ARV - $135kThe benefits I think compared to rentals is that there is no tenants, but I'm not sure if banks are willing to refinance notes since I know banks are willing to refinance rental property?
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3 October 2012 | 42 replies
you don't say what your principal & interest are. i guessed 4.5% 30-yr fixed, which is $1134/month.$3665/month market rents = $1832 using 50% rule. now add in your $1134 = $2966 total costs
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1 October 2012 | 11 replies
i'm just guessing 4.5% 30 yr fixed so w/ $20k down = $278/month Principal & Interest.