Varika Pinnam
How do you calculate how much principal you've paid off and home equity you have?
Listening to one of Brandon Turner's books and he mentions this (https://www.biggerpockets.com/blog/plan-to-make-a-million)My question is how do you calculate your loan paydown for the principal and how much equity yo...
Tina Peters
Proper accounting methods?
Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments. Currently for tax purposes, I track all mortgage interest etc, however...
Justin Calmes
Take a look at my mortgage
My mortgage is $642.04.
Principal is $171.81.
Interest is $295.76.
Escrow is $174.47.
Interest rate is 3.5%
Does this interest cash amount each month seem crazy high? I thought I would...
Samuel M.
Pay Off Loan Sooner?
I bought an out of state property and have about $50,000 left to pay off for the loan. Anyone know if paying 1 huge principle payment at the end of each year would pay it off faster verses bi weekly payments?
Ryan Sasscer
How do you quantify 4 ways an investment property makes a ROI?
Buy and hold investors (like myself) know that an investment property produces a Return on Investment (ROI) in 4 ways:1. Cashflow (acknowledging a property could potentially have negative cashflow)2. Equity building (...
Daniel Mina
Prepayment penalty and interest arrears
Hey All,I have a question about prepayment on conventional loans. The mortgage loans I'm currently after all state "no prepayment penalty." Say I am a few years into my mortgage and I believe I can pay a little extra ...
Mathew A.
out-of-state real estate broker disclosure laws
Suppose I get my broker's license in CA. If I buy investment properties in AZ, or any other state for that matter, do I have to abide by the same disclosure rules as in CA? For example, if I want to sell, do I have to...
Marc C.
Interest-only long-term financing: Does it make sense to you?
I've been approached by an Albuquerque investor who is willing to offer interest-only financing for long-term, buy-and-hold, projects in New Mexico and surrounding states. What is your opinion of it? Would it make sen...
Brad Roche
Maximizing Savings in a High-Interest Rate Environment
In a high-interest rate environment, every penny counts when it comes to managing your finances. One area where this is particularly true is in paying down your mortgage. For most people, their mortgage is their large...
N/A N/A
Fixed rate interest only mortgages.
What's peoples opinions on fixed rate interest only mortgages? These are loans that are interest only for a period of time (10 to 15 years), then switch to principal + interest. These loans are usually ARMs, but I'v...