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16 January 2025 | 0 replies
I added value to the property by focusing on key renovations that aligned with the tastes of Hamptons buyers.
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16 January 2025 | 0 replies
Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.
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15 January 2025 | 11 replies
The first hurdle was convincing them to leave via cash for keys.
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18 February 2025 | 148 replies
mendenhall quoted..shows the shallow personality.....his ego comes through in every contact.Sorry but lets be real, the guy doesnt have an empathetic bone n his body.
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23 February 2025 | 39 replies
Doing your research and finding an experienced seller to guide you is key to ensuring successful commercial transactions.
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15 January 2025 | 15 replies
You could offer cash for keys to get her out-NEVER hand over any money until they are out and you have the keys and signed paperwork that they are out of the property.
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18 January 2025 | 1 reply
Here are some key highlights from the report, which compares December 2024 to December 2023:*The median sales price in the greater Austin metro rose slightly by 1.4% to $450,000.
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21 January 2025 | 40 replies
Although Baselane is hard at work to deliver them, a few key features are still lacking, among them outbound wires from your account.
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26 January 2025 | 17 replies
We found that two key factors significantly helped us succeed with our short-term rental (STR): using NightlyPricer instead of AirDNA and opting for Safely Insurance.NightlyPricer: Rather than relying on AirDNA, we chose Nightly Pricer, which provides more dynamic, real-time adjustments based on demand, local events, and market trends.
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13 January 2025 | 5 replies
Like you, when I'm working with clients I highlight the key advantages of the conventional rehab loans (Fannie Mae's Homestyle and Freddie Mac's CHOICERenovation) are:- They can be used for investment properties- You can include luxury items- They have a higher limit – $806,500 in most places.Jeff