15 October 2021 | 3 replies
This is what info I have from the promissory note:Principal: $750,000Beg Date: 09/14/2021Interest Calculation Method: 365/360 basisInterest rate: 3.650%Final Payment due on September 14, 2051When I plug info into the online amortization schedule, the payment comes out to be $3,453.28, $2,2281.25 (interest), and $1,172.03(principal)However the email I have from the bank has the information below:Summary of Account Current Balance: $750,000.00 Interest Rate: 3.6500% YTD Interest Paid: 0 Maturity Date: 9/14/51 Payment Information Current Principal Due: $1,627.26 Current Interest Due: $1,825.00 TOTAL DUE: $3,452.26 Payment Due Date: 10/14/21Thanks,
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13 October 2021 | 22 replies
Her lease terminates naturally in 90 days so tell her she can leave any time between now and the natural termination date, but she has to be out by the termination date at the latest.Don't worry about the retaliation claim.
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12 October 2021 | 14 replies
I'm wondering if there are any paths to a quick sale in the commercial real estate world?I've inherited a commercial property and have been dealing with it for the last year and really don't enjoy it. My family has d...
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10 October 2021 | 0 replies
Investors use cap rate to estimate their potential ROI (return on investment) for a particular asset.In a simplified definition, the cap rate calculates a property’s natural rate of return in a single year by dividing its annual net operating income (NOI) by its purchase price.
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11 October 2021 | 3 replies
There are no REIAs anywhere near my area, and I would like to get some insight and a different perspective on what methods can be used, scaling, financing, etc.
11 October 2021 | 3 replies
The lower level has durable vinyl-plank flooring and plenty of natural light with egress windows.
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11 October 2021 | 4 replies
My medium-term goal is to own and rent 10-15 properties in the next 5 years with this method.
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15 October 2021 | 5 replies
For quick and dirty method, apply the 50% rule for expenses.If this is a distressed asset, give them a cap rate before and after stabilization.
12 October 2021 | 4 replies
Another alternative for new construction homes would simply be the "advanced framing method".
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14 October 2021 | 7 replies
House hacking, seller financing, subject-to, flipping, wholesaling are just a few methods that come to mind.