That bid amount is usually total debt or a percentage of the total debt the lender/servicer calculated and unless you pay that amount, that debit in the bank's G/L as a loan simply flips to a credit in the bank's G/L as an REO upon expiration.The loan ceases to exist for all intents and purposes once the proverbial gavel dropped at the foreclosure sale.

Its easy and the tenants really enjoy the ease of online payments (both using check or credit/debit card).

They will help you track your payments, send invoices as well as will give your tenants a range of payment options - ACH, credit or debit cards.

They're not comfortable giving landlords electronic authority to debit their account.

I would break it down month by month in the construction stage based on the draws you are going to require.A6: List 17 named ‘Interest Only (est. 5 months)’ accounts for the prepaid cash to pay the interest only of the mortgage.We are estimating a 5 month construction period of which a total of $30,067 will be needed in advance.The assumption is that we will begin construction in May and complete by September.Year 1 only includes 3 months (Oct, Nov & Dec) of full mortgage payments ($96,682 annually / 12 mo. = $8,057 x 3 mo. = $24,170).We did the same calculation method to est. the year 1 (buildout year) for the taxes and expenses.

And related to this last point, shouldn't the total money in the deal be greater, and include "total debits at closing" (B53)?

That does not include the prepaids you need for tax escrows.

“Prepaid interest” is a thing: that means my first six months are paid and I don’t have to worry about paying for six months.

Other closing costs such as loan origination, title fees, prepaid escrows etc also will be involved.A good strategy I like to use with buyers is to get as much seller assist as possible.

They don't have to work to maintain area stability--it's handed to them every month, plus debit cards to buy food with, free cellular phones and free health insurance.America seems to be having some of the best job and wage growth it's had in a long time do to the efforts of the current President, if that were to change back to business as usual (like we had before), the upward swing would probably go back to where it was before--not as good--Nationwide vs. just individual areas flexing up and down in a natural manner.