Dinesh Singh
Elk Grove- Rental Investment for Appreciation?
Hello all,Considering an SFR in Elk Grove 95757 ~475K like a new build but with negative cash-flow @ 7.125% rate. Buying for equity build-up and appreciation. Good school district. Planning to hold for 7-10 years. Liv...
Zoe Cramer
Structuring a financing deal with a private investor
I’d love to get some advice on the best way to structure a private loan. The lender is a relative so she’s very flexible and is open to hearing my suggestions, however, I want to make sure I’m approaching her with a f...
Llewelyn A.
Collecting on a Personal Promissory Note - Weston, Florida
I wrote out a Promissory Note for a Personal Loan to a relative for $50k.The Relative works in Weston, Florida and earns 6 figures.The 1st Payment is due on Jan. 1st, 2018 but I despite trying to contact my cousin, he...
Brandon Pearsons
Re-FI or Ride out the the ARM?
Currently I live in My principal residence which I plan on turning into a rental within the next year. I had a 5/1 ARM that went adjustable 5 years ago. The interested rate has been great! ->Currently the ARM inter...
Konstantin Klitenik
Is my return on discount points calculation correct?
I'm taking out a $740k mortgage at the end of Feb. I have the option of 4.25% with no points or 4.125% with 0.5 points ($3700).Using bank-rate mortgage calculator, I looked at principal and interest about 5 years out...
Jorge Astudillo
What kind of loan options are out there?
Greetings Bigger Pockets community, I have a couple of questions: My father in law paid yesterday his mortgage $1663.96, $29 went to the principal the rest are interest, his credit is 650 and he is not too sure abou...
Keegan Darby
FHA Streamline Program
Given the low interest rates, we are looking to do a streamline FHA and take our rate from a 3.625% to a 2.75%, saving $108/month.
However, the principal on the loan would increase by $4800. Is this common for the...
Ashley Wolfe
Description on Zillow sounds like a wholesaler
Here is what I've found on Zillow for a property I found just today:"This property is being offered as a principal-driven sale for his own account. Seller has equitable interest in property by virtue of a properly exe...
Marija Petrovic
10% down 10% interest 5 year ballon 30 Year amortization
10% down 10% interest 5 year ballon amortization Can someone explain to me exactly how this works please. 5 years 10% interest - does it mean for 5 years you only pay interest?Thank you!
Shawn M.
Debt repayment is not an expense?
Since PRINCIPAL repayments aren't an expense when you track them in Quickbooks, how do I track them in a way that lets me know what my monthly cash flow is? ( as in the amount of money I can put in my pocket each m...