29 April 2024 | 248 replies
I make millions annually transacting as a principal broker and owner of my company with clients.I also run a lean operation with employees extracting the most performance per worker.Many big companies tend to hire the crap out of every position having 30,40,50 people in the hopes they keep scaling.
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26 April 2024 | 44 replies
Be very careful and have a principal that knows what he is doing.
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25 April 2024 | 15 replies
I'm not exactly sure what this means but I think it means that your monthly principal and interest don't factor into the equation.
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24 April 2024 | 16 replies
If you have a mortgage, it'll get a bit tricky to enter the data (principal, interest, and escrow.)
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29 April 2024 | 168 replies
Do I just take my principal and interest and walk away?
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25 April 2024 | 16 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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24 April 2024 | 2 replies
We have around $300k in principal left, and I was thinking about a cash out refinance.
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23 April 2024 | 18 replies
Thanks Pros:-Lower monthly payment = higher cash flows-Save more equity than paying down principal, can be utilized in other projects and to scale-Generally better for tax purposes (no tax benefit to paying down principal)Cons:-Higher rate-Higher risk (deleveraging over time give you more LTV cushion generally)-Less cash out / harder to refi in the future (UPB will be higher)
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24 April 2024 | 4 replies
My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.
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24 April 2024 | 16 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.