What does a balloon mean when talking about loans?

BiggerPockets, I need help drafting an Owner Financing Proposal...never done it before.Details:  I have the opportunity to purchase 3 Condos in a nice complex for $105,000 total from the same owner.  They agreed to ow...

I'd like to have an organized system where I can input each property's market value, current debt on property (amortization schedule would also be useful), income and expenses? It can get confusing trying to keep trac...

Seems like it should be a simple formula, but my googling is failing me... I'm trying to figure out what a lender uses to calculate the following:Inputs: mortgage balance (after downpayment), interest rate, and loan t...

Hey everyone, I'm new here and looking forward to connecting about real estate investing. My partner and I are in the process of buying a 12-unit multi-family building in the West Chicagoland area for $700,000.

The ...

Two years ago, I borrowed money from an investor which I used towards a down payment on a 20-unit apartment complex. Terms on the loan were:Amount: $100,000Rate: 8.0%Amortization: 25 yearsScheduled monthly payments ar...

I attended a seminar yesterday.  I didn't know much about the company.  I still don't know a lot, but the company was Renatus (myrenatus.com).  The presenter talked about paying off your mortgage with your credit card...

Hi,I have around 60K that I can spare towards real estate. I still haven't purchased my first home. I want to understand my possible options to get started with real estate. 1) Should I buy my first house first? And t...

suppose a seller will finance and doesnt want to budge on price or interest, can you just increase the amortization period til the payments get low enough to cash flow? I think Ive heard of 50 years but nothing beyond...

Hi there, great minds of BPs. Curious to know if someone has a good way to calculate the monthly payment on HELOC. For example, if I have 300k credit line at 3% interest for 10  years. I can derive that my monthly pay...