Benjamin Cowles
A couple newb questions about simple and compound interest and mortgages.
When figuring out the 'seller finance' terms with your seller or buyer how does simple and compound interest figure into it? I read that mortgages use simple and I also read they use compound interest. Who's the exper...
Douglas Peterson
Best loan structure
If you could borrow 50k for 5 years at 8% simple interest with monthly payments or 50k and 9% compounded annual interest, with no payments until one lump sum at the end of 5 years, which option would you choose and why?
Farzan Setayesh
Investing $1ml in/for retirement
Hello BP experienced investor,I asked in the forum, what would you do, if you are CLOSE to retirement and want to invest $1ml, I received this offer below. It does sound VERY risky to me and only sounds great for the...
Rob Gervais
Refi on an LLC-owned Property, with personally-held mortgage?
Hello everyone, I’m new to BP and I was hoping you could shed some light on one of the steps in the BRRRR method.
My LLC owns my duplex, but the loan is in my name. Can I do a cash-out refinancing, or will I have to ...
Jane Irwin
Equity Partner/Private money
New to REI....Does this sound like a good way to start slow with a low monetary investment? The deal presented... an investor will invest $10,000 and own 25%of the home. The monthly returns are based on the amount...
Chauncy Gray
Amortization Schedule - 30 Year Mortgage
Hello Everyone,
I was at a local real estate investor group meeting last night, and I was told something that I could not believe at first. I was told that amortizations are never good, especially for 30-year mortgag...
Eric Schrader
Promissory Note
Hey folks, So I have approached some family members and have a few that would like to start investing in real estate. I would be the muscle and they are the $. Does anybody have an example of a promissory note I cou...
Donald Lanzer
Are construction loans better than using hard money lenders?
I posted a couple days ago about hard money lenders. Since then I have been considering a construction loan as an alternative. I'm possibly going to make my first rental purchase. It is a fixer upper and banks don't w...
Gregory Cottarel
How? -- Transfer Ownership To LLC (Triggering Due On Sale Clause)
Hello BiggerPockets Family,
Myself and 3 buddies recently purchased a duplex in Cheyenne, Wyoming as a buy-and-hold investment.
The property is currently owned by us 4 personally.
We would like to transfer the own...
Dave H.
Differences in lending
Hi all, since I’m an overseas investor I’ve been told it’s hard or impossible for me to get a loan, so initially it would seem that BRRRR strategy is out the window.However I know of hard money lending which I believe...