Tyler Ansell
Live-in FHA Calendar Year
13 September 2016 | 3 replies
Principal Residence: A Principal Residence refers to a dwelling where the Borrower maintains or will maintain their permanent place of abode, and which the Borrower typically occupies or will occupy for the majority of the calendar year.
Steve Babiak
Philadelphia woman accused of scamming landlords out of thousands
19 September 2016 | 20 replies
There is also a human rights case - cannot remember which province at the moment - over the matter.Canada's two principal credit bureaus - Equifax and TransUnion - both clearly state that a social insurance number is not necessary to conduct a credit history search.
Jennifer Sleider
Documenting Expenses & Taxes
15 September 2016 | 6 replies
The only expense that is not "deductible" is the principal portion of your mortgage payment (interest is good).
Account Closed
The Sad Truth About Flipping Houses
11 July 2018 | 81 replies
Flip enough times and you will be able to do as @J Scott describes, which is funnel the profits into another investment vehicle that is a much more passive income stream.RE is attractive because the sheer returns can outperform just about everything you can think of in terms of relative safety of principal vs. rate of return.
Samantha Klein
Cash out refi and applying for a new property
25 June 2019 | 12 replies
Fannie will want 2% of unpaid principal balances.
Joan C.
Help! Crowdfunding investment in default
20 September 2016 | 12 replies
It isn't necessarily action, but may be informative that may relieve your stress.There may be one typo in your posting: you wrote the platform will not have obligation to return principal until a date.
Mitch Larrivee
I have investors! How do I structure the deals?
19 September 2016 | 4 replies
After the property is sold, you then return to your investors and pay them all the principal and interest.
Nathan Klettlinger
First time investor- starting well
23 September 2016 | 9 replies
Gross Monthly Operating Income 1,196.00 Monthly Operating Expenses Property Management Fees Repairs and Maintenance 59.80 Real Estate Taxes 189.67 Rental Property Insurance 47.83 Homeowners/Property Association Fees Replacement Reserve - calculated using Leybovich method 95.00 Utilities - Water and Sewer 150.00 Gas - Garbage Electric Pest Control Accounting and Legal Monthly Operating Expenses 542.30 Net Operating Income (NOI) Total Annual Operating Income 14,352.00 Total Annual Operating Expense 6,507.60 Annual Net Operating Income 7,844.40 Capitalization Rate and Valuation Desired Capitalization Rate 8.00% Property Valuation (Offer Price) 98,055.00 Actual Purchase Price 87,500.00 Actual Capitalization Rate 8.97% Square Feet 1325 $/sq ft 66.04 Loan Information Down Payment 21,875.00 Loan Amount 65,625.00 Acquisition Costs and Loan Fees and initial improvements 4,300.00 Length of Mortgage (years) 30 Annual Interest Rate 4.000% Renovation costs Initial Investment 26,175.00 Monthly Mortgage Payment (PI) 313.30 Monthly Interest 217.16 Monthly Principal 96.14 Total Annual Debt Service 3,759.65 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 340.40 Total Annual Cash Flow (before taxes) 4,084.75 Cash on Cash Return (ROI) 15.61% ROI including equity Yr 1 20.01%
Jantzen Thomas
New Member From Illinois
20 September 2016 | 6 replies
My company and one of the principals is based in Wheaton.
Kelly Byrd
What goes into the pricing of a perfoming note?
20 September 2016 | 6 replies
If I do the simple thing and take the monthly payment / cost of note, I'm not taking into account the principal pay down, which makes the note less valuable over time.