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22 May 2024 | 10 replies
.### Calculate Remaining Loan BalanceThe formula for the remaining balance \( B \) of a loan after \( n \) payments is given by:\[ B = P \left(1 + r\right)^n - \frac{X \left(\left(1 + r\right)^n - 1\right)}{r} \]where:- \( P \) is the principal loan amount ($215,000),- \( r \) is the monthly interest rate (6.75% per annum / 12 months = 0.5625% per month),- \( X \) is the monthly payment amount ($1,394.49),- \( n \) is the number of payments made (60).Let's calculate the remaining balance after 60 payments.
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21 May 2024 | 15 replies
Quote from @Moises R.: Hi, my goal is to access the equity in the rental property.
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21 May 2024 | 12 replies
Quote from @Roberto R.: Quote from @Kristine Ann: I'm new to foreclosure auctions.
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21 May 2024 | 1 reply
I don't want to go to a company like h&r block, but none of the indie people have reviews or reputations.
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21 May 2024 | 4 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best
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20 May 2024 | 17 replies
Quote from @Roberto R.: Quote from @Shari B.: I am shopping around for a cash out refi on a rental property and have a couple of very good prospects.
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20 May 2024 | 3 replies
Hi bought ten lots of land in Sebring Florida its R# zoned paying for upfront construction cost need help with getting a mortgage once its built so I can continual to build on the rest of the lots going to be about 18 homes made of containers I have 3 other investors working with me.
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20 May 2024 | 2 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best
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23 May 2024 | 35 replies
Quote from @Joshuam R.: Quote from @Mike Hern: Quote from @Erik Bergerud: Quote from @Nate Sanow: I haven’t yet but am actively offering that way.