Marcia Langley
how to know loan balance and amounts due on a non bank loan
When borrowing capital - say 20k for fix up from a non bank source - how do you know what is due if you pre-pay extra money beyond the monthly payment - who manages that, loan balance, statements etc? How can it be m...
Anastasia Frank-Bruggemann
Best commercial loan type for 7-unit 30-year amortization period
Hi guys,I'm looking to buy a 7-unit property and want it over a 30-year amortization period. This is my first commercial loan and I'm wondering if anyone has suggestions on the best/safest way to structure this?The be...
Meredith Mihm
Owner financing: interest due on sale!
Help-- should I do this? I just negotiated an owner financing deal that I am happy with. I like the down payment and the monthly payment. The property is distressed, and I will be getting it for a good price. He wants...
Joe Garvin
How to structure an offer for $650,000 for land
Hello BP Community,We want to make an offer for a piece of land that the asking price is $650,000. We want to offer full asking price but request owner financing over a 10 year period offering 1.5% and a balloon paym...
Nick Bleser
Seller financing! How does it work? How can it be structured?
What are a few ways seller financing can be structured? There is a tri-plex being sold by the owner and am wondering if I could propose seller financing. The property is an older home but is in excellent shape in a gr...
Jonathan Johnson
How to Calculate private money loans on a rehab in Excel
Hello BP!I'm trying to figure out how to analyse rehab costs and one of them is using private money.If I can buy a house for W amount of dollars, and it needs X amount of repairs, how much will a Y% private loan for r...
Stuart M.
Pub 527 says don't include certain closing costs in basis?
In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...
Phil Cecere
New to Private Lending
Good afternoon,I am new to the Private Lending space and have an opportunity to lend on a deal. Can anyone tell me what current interest rates would be for private money lending in the Northern Virginia area? Also, if...
Loc R.
Time Value Money 101 (Need help with a computation)
OK, so I have a note that is paying me $199.54 per month.
I have offered to sell 12 of those payments to an investor at 8.0% interest.
So if:
N = 12
I = 0.67
PMT = 199.54
FV = 0
PV = $2293.87
So, in order for the ...
Derek York
Studen loans and the Pre-approval process
Hi everyone. I am trying to buy my first rental. The next step for me is to get pre-approved. I have an idea on the type of info they are going to ask me but I had a question about my student loans. I have about 30k i...