Allows a tenant to cure any judgment for non-payment within five court days’ by paying the principal amount of the judgment to reinstate their tenancy.

Once a broker has the experience required to be independent, that license is called principal broker.

I try and pay all the extra cash flow towards the principal to pay them off in 8-12 years. 

@Nicholas Walsh like almost any other lender you would pay interest and origination fees + the principal loan amount. 

There a few ways to do this, but a popular method is to use a HELOC to make a lump sum payment to the principal.

We did not increase the principal balance of the note since our goal was to maximize cash flow. 

We hung around the hoop, as 3 or 4 other buyers went in and out of escrow with the Seller before we locked it up.Regarding financing, the Seller agreed to a Seller carry-back loan amount of $3.45 million; 5% IO, 84 months, no prepayment penalty and (this is the best part) no debt service for the initial 12 months (however it does accrue to the principal balance).

most will say it does not matter if it works for you.. myself I would not do it.. just our of principal.. :)  up to 10% I can see value.. but 30% profit on that level of deal.. nope just would pass.. but then again i get plenty of deals.. so its not like i need it.. really depends on how your deal flow is.

Even if you could get an 80% loan amortized for 30 years (unlikely in my view), a mortgage calculator should tell you that the monthly principal and interest (if 4.85% interest rate is do-able) would be $1,561.97 (not $1,196.33)!

My initial figure is what I'm working with now, and it's going straight to my low to medium investment risk principal.