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How does making an extra say $1000 towards mortgage principal affect the mortgage? For example if I pay an extra $1000 on the 15th, would that reduce the amount of interest I pay next month since my mortgage balance i...
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Hello all,
Quick and dirty:
I purchased an REO 3bd/1ba single family house in Miami-Dade County (Florida) in 08/2009 for $24,100. Sold one month later to long-term existing tenants (with a flawless payment history ...
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Hi all. We're new to real estate investing and getting ready to look at a 4 unit locally. Great community, top schools, upscale area. They're asking 325k (price just dropped 15k). Stated gross income is $41k per year ...
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I'm having trouble figuring out how to input the information correctly into the BRRRR calculator. I'm using a hard money personal loan. Here are the numbers:Fee: 9.9% of loan totalInt. rate: 8%Amortized: 7 years Ques...
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I recently put a 3bd/2ba and 2bd/1ba $335k duplex under contract to house hack (owner occupant) and I'm wondering which loan option to choose. I have $90k in cash. I will rent out the 3bd/2a unit for $1500/month. Esti...
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I am in the market for long term buy and hold rental properties. I have the cash to acquire a couple of units but would rather use that cash as a down payment in an owner financing scenario. I do not believe that I am...
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View report*This link comes directly from our calculators, based on information input by the member who posted.Offer price $140k, estimated repairs $25k. I want to get $165k from a hard money lender a...
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I'm considering owner financing in order to sell a rehab. I've read some threads on here but I've never used OF. So I'm looking for some BP advice:
Sales Price-$67,000
Down Pmt-$15,000
OF Loan-$52,000
Interest Rate-...
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View report*This link comes directly from our calculators, based on information input by the member who posted.
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View report *This link comes directly from our calculators, based on information input by the member who posted.Hey I wanted to reach out and ask if anyone can help me lock in the best numbers i can here I know every ...