Investment Info:
Single-family residence buy & hold investment.
Purchase price: $70,000
Cash invested: $5,000
The seller would not budge on getting $70,000 for the house, but it really was not wo...
Hi, Could someone help me with how to deterimine a calculation for an investment property? I'm looking for the formula for a 30% down, 10% interest only for 3 years, on a 5 year note. Any help would be apprecia...
Hey All,My mortgage broker got back to me with three options for our fee summary and amortization schedules.Option 1: Interest rate: 3.875%Lender credit: $340.52Total cash from borrower: $7,082.68Total monthly payment...
Hello,I am looking to purchase a condo in Wildwood NJ, for 400k. It would be used as a STR, Revenue 75K annually. HOA $1377 monthly includes utilities and insurance. Taxes $560. I'm aware this doesn't look profitable...
What is the best way to payoff a mortgage. I am reading that you can either add extra each month or make one additional payment each year. I think I read that making one extra payment in a year is somehow better than ...
I am looking into getting a hard money loan for the first time and was wondering how to calculate the interest to make sure the deal is still a good deal after there interest. Rough numbers are it’s a 2 building 10 un...
I have a 30Y fixed mortgage and want to start attacking it for my primary residence. When I pay off over the monthly payment, will this reduce my interest expense paid over the life of the loan?
Hello
Can anyone foresee where mortgage rates are heading?
One bank says interest rates will come down ever lower
What are your thoughts?
1st they gobbled up homes by the truckloads in certain markets (bigger homes, which don't cash flow that well but research shows vacancies are at 4-5 years) and now introduce loans to landlords to further flood the...
Hey BP!! I'm relatively new to real estate investing and ready to scale up. I currently have two single family homes in Denton TX (both cash flowing) and looking to buy a multi-unit property in the coming months. Inst...