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Results (10000)
John Dean Seller Financing / loan servicing
11 July 2024 | 12 replies

Hey all!
I plan to sell my SFH rental. But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank ...

Rafael R. House hacking numbers
2 February 2024 | 4 replies

Looking at a property semi detached both units under one ownership in Hamilton Ontario, arguably one of the best neighbourhood, both units are currently rented out for $2500 a piece and they each pay own utilities. th...

Greg P. Rental Portfolio Goal and Structure Feedback
25 October 2014 | 4 replies

Hi All!I'm interested in getting your feedback on my objectives and how I plan to achieve them.  I'll be terse.Goal: Generate inflation adjusted free cashflow of $8k per month in 10 years. Minimum goal is $5k per mont...

Chris Kendrick Heloc shopping prices
2 March 2023 | 2 replies

Just wondering if there is any other places beside small credit unions to get a good deal, my state employees credit union offers heloc at 4.5 rate which is good but therer monthly payments for heloc is for every $100...

Jeremy Fields Calculating seller finance payments
3 February 2023 | 6 replies

I am working on my first purchase will seller financing and having a little trouble calculating payments. I will be offering $200000 and like to pay around $800/month. How do I calculate the interest, which in turn gi...

Chelsea Wessman Seller Financing Advice Needed
20 August 2018 | 8 replies

I'm about as green as it gets and currently running numbers on my first potential deal.  He's willing to do seller financing and the triplex is worth about 160-165K.  We can only scrape together 5% down currently-henc...

Steve Tse Home Equity line of credit calculation
20 July 2021 | 1 reply

Hi great minds of BP. 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 interest only paymen...

Brian Volland Profit and Income Allocation w/ VA Loan
29 February 2016 | 16 replies

To start, I'm assuming a 4plex purchase price of $250,000, cash flow of $1k/month, an additional $1k/mo from personal income, and ~$14k starting funds. This would be the first purchase and bought using a VA loan @ 3.7...

Juan Alcorta Closing Costs: Miscellaneous Expense or Cost Basis?
24 November 2023 | 5 replies

Hi everyone, I recently closed on my first rental property and I'm curious about how to track closing costs correctly. Do they apply as "miscellaneous" expense (which I can deduct when I file the taxes of the current ...

Laurence K. Industry standards for interest calculations
10 December 2015 | 4 replies

Just wondering what parameters are standards in lending and loan calculation.Is one year classed as 12 months or 52 weeks or 365 days, or is there an allowance for leap years by using 365 1/4 days.Simple interest or c...