Logan Vierstra
Interest vs Principal. How to negotiate seller carry?
I have a question regarding podcast 334. In there Brandon and Dave talk to Ben Lapidus about different negotiation tactics when talking to sellers about seller carry. In his metaphorical example he proposes to pay the...
Danren Jones
Interest only payments vs. principal and interest payments
Hey BP family, I was wondering which was better. Interest only payments or principal and interest payments For a private loan on a multi family property. Assuming that the interest rate was the same for both loans a...
Matthew MacDonald
Remaining Buyer Credits for FHA Principal Loan Paydown
I'm in the process of buying an SFR in San Diego, CA with an FHA loan (3.5% down payment, 5/1 ARM). The plan is to live in the house while we add on, remodel, etc. After a year we will refinance the FHA loan into a ...
Stefanie Bergmann
pay more principal or take more cash flow?
I just made my first mortgage payment and am having some serious sticker shock when looking at the interest.why is it almost all interest? I cash flow very well on this, so could definitely afford to pay more towards ...
Jan Walczak
(Toronto/Ontario) Selling property as principal residence proof
Hi everyone,
I'm considering selling one of my properties next year but would like to sell as principal residence to avoid capital gains tax. What documentation/proof do I need to provide CRA as means of proof?
Ex....
Antony Peter
Pay mortgage principal and then take equity loan
I have a mortgage towards my primary residence. I have paid off around 20% of my loan, and my current interest rate is 4.5%. I have some cash enough to pay for a down payment on a condo (around 20%) and rent it out. I...
Elizabeth Rose
HELOC question - interest + principal payments during draw period
Hi BP community! After interviewing several lenders, I chose one to pursue a HELOC with. The loan process has been going on for 1-2 months now... now, at the 11th hour, they're saying the loan will be interest + princ...
Adam Huynh
Making extra payments on principal on loans < 3.0%
Hey y'all,Read David Greene's Long Distance REI and wanted to consider this:"If you continuously make extra payments toward the principal of the loan, you not only pay the principal down faster through the extra payme...
Andrew Syrios
The Rate of Return from ONLY Principal Paydown
I was curious on what the rate of return would be on real estate from nothing more than principal paydown alone. Turns out it's not that shabby. Using my trusty CCIM Institute financial calculator, if you get a 80% LT...
Rene Pepin
Compensating your Key Principals in a MF syndication
What are some of the ways you compensate your Key Principals in a Multi-family syndication deal?