Hey BP, I am trying to write-up and complete my first owner-financing deal. The owner is in possession of several properties and she would love for me to help her get rid of them. She is basically wanting to liquidate...
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...
I’m a little conflicted about different borrowing strategies. (this is kindof a follow-up post to my earlier threads on 20% and payoffs)
If it’s better to borrow indefinitely, then why doesn’t EVERYBODY a...
Hi, I have this note, and I'm trying to find out what the Balloon/Final payment would be in the end of 3 yrs term?Also if the borrower decide to "over pay" the $750 a Month, how will I recalculate it?total:$35,000 Sim...
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List Price $185KSeller wants to finance w/ only 10% down. 10 year amortization schedule and a 5 year payout at 4%.The down payment is great but w/ a 10 year amort. schedule the monthly payment is thru the roof ($1686)...
does someone have a link to 360 commercial loan calculators?We are at the end of our loan in 8 months. I want to double check the banks figuresI am looking at Actual/360 vs 30/360I would also ask the lending experts h...
I have a property that i want to only Rent or sell with owner financing. There is one issue. Because the price of the property has gone down, if i do owner financing it, it creates a Negative amortization.
The prope...
Hi all, I hope this is not a question that has been beat to death and I've just missed it.I am preparing a pretty simple accounting system to account for a BRRR property. The acquisition would use a hard money loan, w...
I've been searching for an answer to this but have been struggling with finding a clear and concise way to ask this question. I'm a new homeowner looking to house hack (rent out the rooms in my home individually), and...