If your check is dishonored by your bank, you must pay us a service charge of $50.00 plus any other charges provided by law and plus any accrued late charge(s).

Interest accrues on depositsMP are a good investment mainly because of the ability to raise ground rent rapidly in most cases.

The interest rate choices are:* 3 year adjustable 5.99% and a 5.99% floor (based on Wall Street Journal prime rate + 0.49%) Payment will be aprox $5055/month* 5 year adjustable 6.25% and a 6.25% floor (based on Wall Street Journal prime rate + 0.75%) Payment will be aprox $5160/month* Accrued interest will need to be paid at closing on the construction loan, if no changes $3011.63 as of 5/31/19(this would increase if the $10,500 of undisbursed funds are disbursed.)

After reading some of the other first deal posts in the forums, I think investing into a syndication or partnership of some sort with that fund once it accrues a bit higher of a balance or finding a deal in a local network that allows a lower entry to invest makes sense.How did you find the syndication that you started with?

Sure, the HELOC has a slightly higher interest rate, but it's much less expensive in fees and you don't accrue any interest until you actually use the money.

For instance, First Hawaiian Bank calculates the minimum payment to be 2% of the outstanding principal plus whatever interest was accrued during that month.

I say estimated because there could be factors like them paying more than their monthly minimum, or fees that they accrued through who knows what.

Are you looking to accrue rental properties?

My wife and I recently ran into an issue that resulted in us accruing $18k of credit card debt.

@Omar Bunch 3% Vacancy is too low, you'll want that set at around 8% so that you're accruing about 1 month of rent saved per year (1/12 = 8.333%).