5 March 2019 | 0 replies
Here is the breakdown: Principal: $201,026PITI: $1,537.55Principal and interest$1,102.41Property insurance$122.30County tax$312.84Fixed Interest at 5.125%I have the concept of 10% down and a high interest rate, in saying, how could i structure this deal to make sense for me, but I also do not want to charge them an insanely high rate.

10 March 2019 | 27 replies
My assumption is that when you say "Mortgage Payment," you are including PMI, Taxes, Insurance, Principal and Interest, correct?

16 August 2019 | 41 replies
. $200 a month, multiplied by 12 months = $2,400 $2,400 multiplied by 4 years = $9,600We can use the $9,600 to buy another duplex once she graduates and makes income again.The goal is to use duplex income to pay off all of her student loans.Our deal analysis is just like how BP teaches:Cash flow has to be >$200 a unit after ALL expenses and Cash on Cash return has to be >12%Expenses-Principal & Interest-Property Taxes-PMI-Home Insurance-Water/Sewer-Garbage-Vacancy 5%-12%-Repairs & Maintenance 5%-10%-Capital Expenditures 5%-1-%-Management fees 0% (I will manage all of our properties now & moving forward)We are 3 weeks in on the Duplex search in New Haven we are learning QUICK that cash flow and a FHA loan do NOT get along.

27 October 2021 | 4 replies
At the end of 2nd year, principal returned would be $35917.46Total cash received after 24 months, assuming all goes well is $44980.10Decent return and allows me to get my feet wet.

14 March 2019 | 14 replies
Keep in mind as I had seen on another thread the principal residence rule of living in the home for 2 of the past 5 years to qualify as 250k or 500k(?)

29 October 2017 | 16 replies
Farming operations have scaled correspondingly and what was the family farm of my grandparents is no longer sustainable ... in the areas where my parents grew-up, many "family" farms today are working 6 - 10 sections annually - a task that requires millions of dollars in capital equipment.There are also farmers who are specializing in organic and/or non GMO crops (both of which may require maintaining a wide border strip between their fields and their neighbours crops).There were (and likely still are) two principal ways of renting farm land in that area: a) straight rent per acre/quarter/section or b) a share cropping arrangement with the farmer working the land.

15 October 2017 | 6 replies
The living quarters of an accessory cottage dwelling (ACD) shall not exceed 40% of the living quarters of the principal structureor 1,200 square feet, whichever is less.

17 February 2018 | 11 replies
I'm looking for local Dallas/Fort Worth BRRRR opportunities as well as buying cheaper high yield turn-key deals in cash (50k-70k out of state houses yielding 12-15% in Indianapolis, Memphis, Pittsburgh, Detroit, etc)Here's what I'm considering: what if I apply my 50k of cash towards the principal of my home, immediately reducing the balance of my primary mortgage down to 112k.

10 October 2017 | 3 replies
They tend to be interest only, which give you the option of making a low minimum payment and paying back the principal at your discretion.

12 June 2018 | 20 replies
One went from principal paydown of $230/mo while a 30 to $1200/mo on a 15.