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12 January 2025 | 8 replies
Have invested in ABQ with first purchase in 2020 - and that was based on my knowledge as a film/TV friendly area and affordability.
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24 January 2025 | 0 replies
-based investors.
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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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12 January 2025 | 2 replies
Obviously tough to give advice based on minimal info and no info on your personal situation.
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13 January 2025 | 30 replies
I base my rents on the condition of the unit and the competition.
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12 February 2025 | 27 replies
You just have to deal with lead base paint inspections and random rental inspections now though.
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12 January 2025 | 7 replies
Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc.
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12 February 2025 | 43 replies
We are northwest based and flying out to Memphis just to get update, doesn’t make any sense.
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12 February 2025 | 23 replies
Send as many letters as you want; many will not pay any attention to your pleas.How about instituting a RUBS based on square footage?
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4 February 2025 | 31 replies
There are way better people to talk to that are based out of here and know the market like the back of their hand.