Hi everyone,
I have a question about how much in excess of the interest is paid in each payment of a fixed rate loan. Suppose you have a 100k loan at 6%. An example from investopedia shows a schedule of
Payment
0...
My bank is offering 5.5% amortized over 15 years to tap equity in rentals I already own, for example.
I sold a property thru owner finance, but I have a question about the bookkeeping/tax side of it. Here is the journal entry for it basicallyMy questions are:
Is the journal entry correct? 26K is quite a bit of reven...
Can someone provide me with a formula or something to tell me if im over leveraged?
I am currently holding a few student loans amounting to about 20k, would this hinder by ability to obtain financing for a rental property or any other type of real estate? Should I just hold off until I've paid these ...
Hello All,
Since interest rates are low, I'm considering refinancing which would reduce my monthly mortgage by 50% up to 67% depending on terms. Is refinancing the best way to increase cash flow for investing or is...
as you know there are many ways to finance your first property. Whether you are looking to flip or buy and hold the methods are abundant. My wife and I own our home with approximately 4.5 years remaining on our mortga...
I am looking to refinance $50k investment property and was offered a loan with 5 year term/25 year amortization. The rate is better than anything I can get with a normal loan (4% vs 5.5% for a 20yr fixed refi). As I u...
Hi All, Just getting started with real estate (haven't even made the first investment,) and I'm trying to find out what the best way to calculate CapEx will be on properties? Thanks for all the advice everybody!
Hi BP,
I'm analyzing a deal right now for a property. It's not exactly an ideal neighborhood, but the numbers seem too good to pass up. I've already been shown the house so I have a decent idea of what the property n...