Terra Padgett
UNpredictable Cash Flow
16 July 2024 | 33 replies
If you have 1-2 properties it certainly seems unpredictable.And... the spreadsheet math of 'I will consistently net $227 a month, and exactly $227 a month, from this property, starting in month 1 and then going forever' was never correct.
Priestley Leng
Understanding Construction Loan Terms
13 July 2024 | 2 replies
Draw schedule to be agreed upon prior to closing.Term: 1 YearFee to Lender: 2.5 points – ($13,125 paid at closing from loan proceeds).Interest Rate: 11.5% Interest-Only billed monthly on outstanding balance.Interest Reserve: $15,000 – approximately 6 months interest, paid at closing from loan proceeds.Once interest reserves are depleted, borrower to make interest-only payments monthly.Pre-Payment Penalty: Should loan be paid off prior to interest reserve funds being depleted, a pre-payment penalty will be charged equal to the amount remaining in interest reserves at time of payoff.Loan 2: Loan amount 490,530.60Lender Points: 3%broker points: 1%rate: 11.99%Term: 12 months (interest only)Prepayment penalty: NoneProcessing fee needs to be wired before LOI can be issued these are just math questions..
James Coleman
House Hacking question
14 July 2024 | 13 replies
-Taxes-Home insurance-Mortgage Insurance -Maintenance/Repairs-Capex-Vacancy-Property Management (many include this even if you don't plan on initially offloading to PM)-Utilities Let's say all in expenses are $2,000 per month for easy math purposes.
Tejas Telivala
STR locations Upstate new york
13 July 2024 | 5 replies
You definitely need to do homework on local restrictions.
Elena Dubinski
Tax Lien Wealth Builders
15 July 2024 | 50 replies
At least 25 to 30 people signed up…you do the math.
Carlo D.
Seeking advice on a small business loan I am looking to extend to a long time client
12 July 2024 | 2 replies
Check your math to make sure you're not violating this or your contract could be voided.
Michael Lightwood
Buy a house, What are the best months to purchase?
12 July 2024 | 8 replies
Meaning people don't want to move out of their home either, so the supply is also lower.Do your homework on what sort of house you need, what area, etc. and buy what works for you.
Luna D.
10% or 20% down on first home ?
12 July 2024 | 7 replies
Do the math and see what you'd save if you put 20% down (ie mortgage insurance) and if you put 10% down; and what your payments would look like.
Kate Brown
Fraud - Kris Thomas Land Flipping 101 at it again
14 July 2024 | 26 replies
So, let’s just estimate and do the math $600k potential as Kris keeps spewing -$175 from the one deal her team messed up we are at $425 - $200k roughly I’ve decreased sales prices we are at $225k - about $150 estimate in dead deals she included (just estimating I didn’t go confirm this) we are at $75k - $50k in mailers, subscriptions etc we are at $25k -$30k I paid for her course I’m NEGATIVE $5,000 STILL and that doesn’t include her “50/50 split”.
Ryan Edwards
Investing Criteria Update - You minimum requirements
11 July 2024 | 1 reply
I know you were looking for mathematical formulas, but for me this Overrides any math.