Cameron O'Connor
Don't pay your down principal early- Keep PMI and Flood Insurance
I’m a number guy. I spend countless hours on excel spreadsheets running ProFormas on every possible situation. I want to know what the BEST possible outcome is, WORST possible, projected actual outcome, forced appreci...
Michael Morrongiello
Can you DEDUCT Payments being paid on a PRINCIPAL ONLY Note ?
Situation; Elderly Seller bought their Triplex home for around $350K Many Many Years ago. She lives in One unit and rents out the other TWO Units. Today its value is around $1.4M +/- She has discovered that IF she se...
Jason Thornberry
Small Surplus in Budget... Pay Down Principal or Put in Savings?
Lets say you have a standard 30yr Fixed Mortgage with a rate of 3% and a balance of $100,000.
Now lets say you have an extra $100/month that you could use to pay down the principal OR you could put it in a saving acc...
Account Closed
Are Principal Payments Subject to Income Tax? Asking for a Friend
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...
Felipe A.
HELOC on principal residence - great, but what happens if I move?
I am exploring opening a HELOC on my principal residence allowing me to make a nice down payment on properties down the road. However, if I move, I have to pay off the HELOC before satisfying the mortgage on the old ...
Account Closed
1st reforming note go for about 40% of the unpaid principal
I have an opportunity to buy a re-performing first note at a 40% discount to principal The note has only 2 payments under a recent loan modification The interest rate is 5% and the principal is about 10% above apprais...
Ray Slack
Can I have a set principal and interest payment in a note ?
I'm buying a cheap property and the owner is holding the financing. I proposed to the owner a payment of $100 per month principal and $25 a month interest with a 7 year balloon and she agreed. Her attorney got ah...
Terry Lao
To sell or not > greater than 10 year cashflow plus principal pay
I have developed an two part equation to help decide to sell or not. Please comment.1. Is net sales price greater than 10 years net cashflow and principal equity payments? For example, net cashflow of $500 per month a...
Cody Weber
Making 1st Home to a Rental and Buying a New Principal Residence
Need some advice on a scenario I am working on. If I purchased my first home for 5% down - 275k @ 2.4% for example sake... what happens if in year 2 of my five year fixed mortgage I am looking to move to a new princip...
Jeremy T.
Accounting w/Excel - how to track Principal payment (not Schedule E expense)
So I tried QuickBooks and Buildium, both great and snazzy but ultimately using Excel is just faster and with Office 365 I literally create a clear audit trail (my job has me working with auditors everyday...) by input...