Gary West
Need Financial Math Guru to Help Set Goals
13 March 2014 | 42 replies
Google it, and the 1st link from office.mircosoft.com should be the template you need.3. for the Excel spreadsheet, think of time progressing downwards; the further down in the rows you are, the further through the months4. to map each property, give each one 5 columns {Month #, Mortgage Balance, Principal, Interest, Additional Payment} * that is the month you're on in your repayment to the bank (1-360) * balance due to the bank * that month's principal payment (this is why it's handy to have the amortiation worksheet) * interest for that month * and what additional payments you'll kick in from the other properties.5. when adding a new property to the sheet, just list the following as headers so you can add them into your equations {purchase price, down payment, P&I, cashflow when mortgaged, cashflow when paid-off}.6. to make this all work, you take an iterative process * start by charting your 1st and only property, and plot it out so it takes 360 months to pay off * add in your 2nd property, and add its cashflow to the "additional payments" on you 1st (or have your 1st property's cashflow pushed into your 2nd .. whatever you like) * keep doing this up to your 15th (or in my spreadsheet's case, my 5th property)Some insights I've gained:* the snowball effect works!
Justin Fraser
Just getting started- Central NJ
13 June 2013 | 17 replies
All about charting a plan including several different wealth-building elements--along with goals and timelines.
Matthew N.
Question about lease option income
17 June 2013 | 12 replies
They have, most often, a complex decission making chart of actions required.
Taylor Jennings
DEAL-BREAKER!: Mortgage rate increase THREATENS BOOM!
7 July 2013 | 47 replies
The average rate from 1972 until 2012 from Freddi mac charts is 8.69%.
Matt Rothwell
How do you identify a neighborhood on an upswing?
3 July 2013 | 11 replies
Matt Rothwell I've lived in the Raleigh/Durham area my whole life and have seen this area have off the charts growth in the past 15-20 years.
John Horner
Trulia Crime Map is a fantastic tool!
18 September 2014 | 12 replies
Around here, the neighborhoods can go from stable to sketchy in a couple of blocks, so having some (somewhat) more precise data is helpful.
Kevin Barrett
Would you Park your $$$ here?
17 July 2013 | 4 replies
I'd love to view a chart of parking spot prices in the past 20 years.http://www.boston.com/businessupdates/2013/06/13/tandem-parking-spots-sell-for/tsdqLBPRmQFEojy2US5vXO/story.html
Robert Ruiz
Tracking expenses
4 August 2013 | 8 replies
I pretty strongly encourage you to have an accountant or Quickbooks expert who works with flippers give you a hand in setting up your chart of accounts and training you in how to use it.
Sean Chen
Contractor caused damage to neighbor's property
14 May 2012 | 6 replies
But neighbor wants to have the brick/mortar repaired, and with the stress and frustration, they would like to be compensated with the entire porch repaired (re-touched to be precisely for all the mortar).
Greg P.
Managed Futures? Average 15% returns and 4 times leverage?
23 May 2012 | 17 replies
He has shown me a chart of the past 20 years averaging 14%.