With a Partitioned Principal Part Note.

Oshkosh Principal Planner Susan Kepplinger said the city would have to identify the proposed use for the property: Demolition, rehabilitation or to sell as-is.

Going forward can we just decide, hey I didn’t like my original terms, why don’t you cut my interest rate and principal owed?

But here are the numbers i have currently.You put the price, interest rate, and term into a mortgage calculator and the calculator gives you the principal and interest.

When I principal a deal, I do not let them know I am an investor.

That's not to say that you won't get tax benefits; have appreciation; have the tenants pay down the principal for you; or other benefits over time.

I just put $10k down on the principal of one of my loans.

While they will let you hold title in the companies name, you will still need to personally qualify as a principal in the transaction.Anyone who owns a 20% or greater controlling interest in that company will have to provide credit, income, and asset information in order for the loan to be considered.Depending on Debt Service Coverage, LTV, experience, etc... you may or may not have to Personally Guarantee the loan itself.

No gain without pain is the principal that always needs to be reminded of.

Ensure you can pay taxes, insurance, property management, save for vacancy, save for repairs and cap ex, but then put everything else into the principal and interest payments.