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21 October 2016 | 2 replies
My principal strategy will be 'buy & hold' with value-add opportunities, however I'm also interested in 'fix & flips' in order to raise the capital required for property deposits and portfolio expansion.
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23 October 2016 | 2 replies
I know the contractors VERY well and will be their project manager for this project. 3. if all goes well in 9 months I will list the house with a real estate agent and sell it for $1.3m (maybe less maybe more - it just depends on the market)Proceeds will be as follows; $550k principal back to lender$50k sales commission and closing costs etc. $300k to me for my loan to the llc ($25k profit)$350k goes back to my 401k - investment plus profit ($150k profit)$50k goes to my LLC as short term capital gains ($50k profit)Any comments would be appreciated.
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3 November 2016 | 4 replies
Make sure you are ready to really be a good guardian of capital. 4) Take care of your investors - Rule number 1 never lose principal, rule number 2 keep your eye on rule number 1.
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15 March 2020 | 36 replies
If I'm not getting my principal back, personally I really don't care about whether they were theoretically accruing interest on day one or not.No platform is perfect, and investors have to do their own due diligence on Crowd Street just like anywhere else.
25 October 2016 | 2 replies
You can almost always pay down principal if you have surplus cash and want to pay off the note early.
20 November 2016 | 9 replies
It should have the names and addresses of the principals.
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27 October 2016 | 12 replies
Negative cash flow of $816/month plus the cost of the $60K loan and expenses.If you could mortgage the property 100% at a 4% mortgage ($280K) the interest, no principal, on that would be $933/month.
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28 October 2016 | 14 replies
: What are the components of a mortgage, is it only interest, principal, tax and insurance?
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6 November 2016 | 19 replies
Ensure the principal or deal sponsor has a strong resume.
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28 October 2016 | 7 replies
Since you didn't finance the purchase of the house itself, it is likely that the partner will offer to pay you principal + interest rather than a share of the profit (at least that's what I would do).