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16 April 2024 | 5 replies
Currently, they are posting to the loan liability account only: From the loan account > draw bank account as a transfer in QBO.TIA!
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17 April 2024 | 5 replies
The only item that I haven't found is how to account for loans on the balance sheet.
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14 April 2024 | 6 replies
I'm looking for loan service recommendations.
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16 April 2024 | 18 replies
Fill in those two numbers into any online mortgage calculator, and it will tell you what the maximum loan is.
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17 April 2024 | 8 replies
Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!
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16 April 2024 | 3 replies
VA loan= 0% + buyers agent compensation.Incredible right?
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16 April 2024 | 4 replies
I'm house hacking with a VA loan a four unit property I'm looking forward to feedback and wish everyone success in their efforts.
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16 April 2024 | 1 reply
I also don't qualify for any institutional loans at this point.
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16 April 2024 | 12 replies
I am using an FHA loan so the house has to be my primary residence and there are no other bedrooms
16 April 2024 | 8 replies
Your loan probably technically doesn't allow this because there is a "due on sale clause" but I have never heard of a loan being called as long as it's being paid My advice to you would be to screen potential property managers, read reviews then set it up to be managed by them.