Vik Ari
Making extra mortgage principal
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...
David Schweibish
Delinquent Buyer- Need to Foreclose?
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 ...
Melissa Dinas
How to input hard money loan in BRRRR calculator
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...
Horace Grant
Which type of financing?
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...
Dale Tucker
Good deal?
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 ...
Jimmy H.
Structuring Owner Financed Deals
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...
Veronique Moore
[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.Offer price $140k, estimated repairs $25k. I want to get $165k from a hard money lender a...
Tod R.
How to Structure Owner Financing?
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-...
Cynthia Elder
[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.
Steven DAmbra
[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 I wanted to reach out and ask if anyone can help me lock in the best numbers i can here I know every ...