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Results (10,000+)
Erica Calella STR Bookings for Smoky Mountains
4 April 2024 | 8 replies
Our Pigeon Forge 6 bedroom cabin is booking up very well throughout the year.I just want to get the unbooked days and weeks booked.We have a big fat mortgage to pay!
Tara Adi Who is responsible for LCE damage in event of negligent maintenance of CE by HOA?
5 April 2024 | 6 replies
I've also come across an article authored by a renowned attorney in Illinois Condominium Law (https://www.cai-illinois.org/liability-condo-associations-damages-caused-failure-common-elements/) which states that since the association neglected to address the masonry issue, which is a common element, they bear responsibility for damages to the limited common element and the interior as well.
Kyle Joseph Deal Underwriting Challenges
6 April 2024 | 7 replies
I don't know about challenges they face, but one thing I'll say is commonly overlooked is sensitivity.
Jin Zhang What are the key factors and risks to consider when investing in Dallas?
6 April 2024 | 7 replies
Protect your asset.As @Ali Radoncic mentions, foundation issues are common
Selina Giarla ISO Lenders: 30 Yr Fixed or......10/1 Interest only ARM?
8 April 2024 | 35 replies
Here are some examples based on common interest rates:At 5% interest rate:Monthly payment for 40 years interest-only = $2,083At 6% interest rate:Monthly payment for 40 years interest-only = $2,500At 7% interest rate:Monthly payment for 40 years interest-only = $2,917--------so 40Y 10YARM vs 40Y IO: $1 LOL :)----------------------------------draw amortization chart for 30YFRM with 7% rate every year for $500,000 loanHere is an amortization chart for a 30-year fixed-rate mortgage (30YFRM) with a 7% interest rate on a $500,000 loan:YearBeginning BalanceMonthly PaymentInterest PaidPrincipal PaidEnding Balance1$500,000$3,326.98$35,000$5,369.82$494,630.182$494,630.18$3,326.98$34,624.11$5,745.73$488,884.453$488,884.45$3,326.98$34,221.91$6,147.93$482,736.52--------------draw amortization chart for 40Y Interest only with 7% rate for $500,000 loanTo calculate the amortization schedule for a 40-year interest-only mortgage with a 7% interest rate and a $500,000 loan amount, we can use the following steps:During the interest-only period (first 10 years):Monthly payment = $2,916.67 (7% annual interest rate / 12 months)Total interest paid in the first 10 years = $291,667 (2,916.67 x 12 months x 10 years)Loan balance remains at $500,000 during the interest-only periodAfter the interest-only period (remaining 30 years):Monthly payment = $3,326.89 (calculated using the standard mortgage payment formula with a 30-year amortization period and 7% interest rate)Total interest paid in the remaining 30 years = $496,869Total interest paid over the full 40-year term = $788,536Loan balance at the end of the 40-year term = $0 (fully amortized)The full amortization schedule would look like this:YearInterest-Only PaymentPrincipal ReductionLoan Balance1-10$2,916.67$0$500,000------------so if you use 30YFRM an sell within 3 years; you are making additional 18k profit guaranteed compare to 40Y IO.
Collin Hays Finally some good sense being used by Smokies investors!
5 April 2024 | 2 replies
was the common question.  
Andrew W. Cost Plus - Retention
5 April 2024 | 0 replies
Is it common to withhold retention from the general contractor payments until lean release is obtained from the sub performing the work?  
Alvaro Rodriguez Development in floodplain, Splendora Tx
5 April 2024 | 5 replies
It is common that sometime floodplain maps are not always up-to-date based on current conditions, and thus you site may actually be above the floodplain elevation. 
Jay Hinrichs See how Florida Sherrif is dealing with squatters with the new law enacted in fla
5 April 2024 | 7 replies
Like the sheriff said, it's common sense and not a civil issue. 
Isaiah Cuellar Ready to house hack!
5 April 2024 | 15 replies
If its there, I can sincerely tell you itś not common.