I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
Hello,
My wife's co-worker has a home in Savannah, Georgia that is upside down. She owes 45K, but property is worth less. She lives in Dallas and was renting the property out. The tenants moved out and squatters move...
Greetings BP,
I have a grass roots lead in a very nice neighborhood in Portland, OR.
The homeowner hasn't made payment in 4 years! The unpaid principal balance represents just about my exact MAO in orde...
How do I comp a duplex in an area that has had no duplex sales in the last year? Also, is there anything I can do if it has a reverse mortgage that would seem to be similar to the actual value of the duplex.
Is $100,000.00 Equity high equity on a property that is worth $600,000.00?
Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...
3/2.5 1664sqft, the owner total owed $220,305, and he is 15 payments behind, which is about $28,456 to bring it back to current. ARV about 260k-270k. Movitated seller. Can I turn this into a deal, any kind. A...
Hi Everyone,I live in Los Angeles and have a single family town home end unit in Leesburg Virginia? About $364,000 is owed on it between two mortgages and the loan amount is $412,000. Would you rent or sell? Thanks fo...
Hi All curious to your thoughts on this. I purchased a home last year in summer of 18. my interest rate on the 30 year loan is 4.75 and if jump down to a 15 year loan right now it would be 3.125. My payment would go u...
I have an opportunity to buy and sell a mobile home. I can offer seller financing but am trying to calculate the ROI. I would be taking title to the mobile home and immediately turning it around with seller financin...