Paul Martin
Formula or Algorithm for Multiple Mortgage payoff strategy?
Before I try to do the math, does anyone know of a formula/algorithm to employ for the best strategy to payoff multiple amortized mortgages? I would assume this wheel has already been invented. We have many mortgages ...
Tony Ferris
Q: Determining your COC with leverage
Hi guys,
this is my 1st post.
I'm trying to determine how you calculate your cash on cash with leverage.
Example: I purchased a mobile home park $375,000
with $75,000 down seller carry @ 7...
Sean H.
Do student loans have a bearing on your debit to income?
I have the ability to pay them off, but i'm not sure if it's worth it subtracting some of my working liquidity. Mainly curious if they effect my credit or my applicability for a mortgage in anyway?
Bradley Swett
Second Investment... a possible double
Investment Info:
Townhouse buy & hold investment in Tampa.
Purchase price: $286,305
Cash invested: $37,382
New construction townhome recently purchased for a buy and hold
What made you i...
Daniel Porter
How to get a loan with a consigner
Hi all;
Looking to get approved for a loan with my father as a consigner. With as many tax deductions as I take advantage of as a young self-employee, my dti ratio looks horrible after taxes. Fortunately I have my d...
Account Closed
help me with my ROI!
Hi BP. So, I'm looking at a possible deal for a duplex. It's looking like I may be able to get it for 80K and I'm putting 20% down ($16,000) with a conventional loan. After closing costs and some minor cosmetic fixes ...
Matt Burns
Downpayment, First Time Buyer, Pre-Forclosure
If I only have 5-10% for a downpayment on a $200,000 home and I work a job where I make $25-30k but I have no debt, good credit, and have some big assets such as a car (fully paid off) would I be approved by a bank fo...
Doug Tootle
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Hey guys, I'm looking at what could be my first deal and I think I have some ballpark num...
Samson Kay
New FHA Guidelines let you buy owner occupied for as little as 1% down?
I'm a big proponent of putting as little down as possible on cash flowing properties. Its like living at your parents house for free. You get things like the mortgage payment, electric bill, insurance and taxes, paid ...
Marco Morkous
How do you Cap rate?
When calculating your NOI for cap rate- Do you guys include your monthly mortgage on the property as an expense? I’ve talked to people who do and people who don’t.