When figuring out the 'seller finance' terms with your seller or buyer how does simple and compound interest figure into it? I read that mortgages use simple and I also read they use compound interest. Who's the exper...
Hi guys,
Im a Canadian citizen buying in the US and have been telling my family about the loan I will be getting.
I will be getting a 4plex at ~4.5 for 30 years fixed.
Now, both sides of my family (in Canada) are s...
So we have a property that is finishing up, with outlets/switches, and fixtures. I came in today and saw some of the outlets with weird gabs (pic below). I think the drywall cutout was too big, is there anything i c...
Thought this was straightforward but been hearing from others it may not be:Example: $100 invested in Year 0 and $100 returned in Year 1. At that point in time there is $8 pref balance based on 8% pref terms. Does the...
I'm trying to match the finish on some drywall. The existing finish has an overall look like fish scales. I think they used a brush of some sort to make fan like sweeps that overlap each other. If this makes sense ...
Hello, I am a beginner lender, although I have my uncle guiding me who is more experienced. I am looking for a program to calculate my irregular loans. So far, the programs I have found do an inadequate job with month...
I see a lot of sites saying that to calculate the monthly interest rate on a loan you just divide the annual rate by 12. So let's say we have a 100k loan at 5%. The first year your interest payment would be 5k if you ...
It took me years and years for me to get it. I mean banks are happy to lend on real estate. Why not just use em? However, after tons of deals, it finally sunk in. Unless I plan to keep a property forever, just don...
Recently, a lot of the value-add deals we have been underwriting will produce less cash on cash returns during the beginning years of the project than the deal's preferred return. Whether talking to potential investor...