Jon Schwartz
HELOC: lower APR vs. interest-only payments
I'm going to apply for a HELOC on my primary residence to fund BRRRR properties. In shopping around, two options beat the rest, and I'm having trouble deciding between the two.Option 1 is a 4.05% APR with interest-onl...
Steve Tse
Home Equity line of credit calculation
Hi there, great minds of BPs. Curious to know if someone has a good way to calculate the monthly payment on HELOC. For example, if I have 300k credit line at 3% interest for 10 years. I can derive that my monthly pay...
Robin Jin
Cash-Out Refinance or HELOC or Neither to finance a rental?
Hi everyone, I’ve just recently started looking into real estate investment, and I have a question about potentially refinancing my house. I got my single-family home that I currently live in in Sept of last year for ...
James Gravitt
How to figure interest
Can someone help me with financing? If I had a MH for sale for $8000 and charged 10% interest, how do you figure it? Surely its not just adding 10% to the total for $8800, is it? Is it compound interest?
Any help ...
Alessandro Pascucci
🏦 Income taxes question
Good morning everyone,I have a basic taxes question for you today:Assuming my gross rent income is1000$/ month and based on accurate research I can plan a total of 500$/month of expenses (small repair; big repair; cap...
Lorenzo H.
Mortgage loan 40 years @ 4.25%
Is there any significant down side with having a loan modification of extending the loan to a 40 year @ 4.25% vs 30 year with same interest rate? Thank you in advance.
Michinori Kaneko
cashout refi vs HELOC on investment property
Hi all,There was a property i was hoping to perform a BRRRR strategy, but realized rent is not high enough to support mortgage on 75% LTV to yield enough positive cashflow after cashout refi. the cashflow is like $30...
Fabio Busatto
I couldn't get my head around Italian Investment
Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment...
Yongjian Pan
Mortgage Payments in Buying Homes
Hi. I’m new to real estate investing. I’m wondering why does the first few years of mortgage payment are usually paid toward the interest of the loan, instead of to the principal + interest? Also, why is amortization...
Ken Nyczaj
Newbie trying to structure seller finance deal
Structuring a seller finance deal on a small MF property. Curious what the consensus is for how it should be structured and pros vs cons of the below example:10% down and 4% interest only with balloon payment at 2 yea...