Jonathan Chari
Interest only seller financing
Hey guys,Just a quick sanity check.Assuming the seller doesn't have other offers, does offering a low purchase price with very high interest make sense?In my case, the seller is pretty fixed on $75k. I'm pretty fixed ...
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re: Interest Only Loans
I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you...
Cory Calvin
Owner Carry - Interest Only?
A local investor is looking to sell one of his single family homes to me. $230,000 strike price on terms of interest only for first 10yrs at 8.5% and amortize principal for 20 years after. Comps in the area are ~$180k...
Danren Jones
Interest only payments vs. principal and interest payments
Hey BP family, I was wondering which was better. Interest only payments or principal and interest payments For a private loan on a multi family property. Assuming that the interest rate was the same for both loans a...
Peter Halliday
Interest only note with balloon
Let me preface this by saying that I’m relatively new to note investing and have single digit notes under my belt. I’ve come across an interest only note that has a balloon. My guy is that this kind of seller financ...
Thomas Ferreira Jr.
Interest Only Heloc Amorization Spreadsheet
Hopefully this is the right area to post this.I have an interest only HELOC taken out on an investment property that I plan on using for a downpayment. Anyone have a spreadsheet for interest only loans? I want to be a...
Austin Moller
Interest only 5 yr Arm
Hi ,I am new to bigger pockets. I have recently acquired enough capital to start investing in real estate. I have multi unit near the beach in the panhandle that I am about to close on. The house is going to cost $265...
Keith W.
Hard money interest only payments
For example, there is a $100k rehab loan. The investor requests a draw for $10k to cover the first part of construction. Are the interest-only payments based on the $100k or Just the amount drawn? In this case, the 10k?
Chris Wunder
Obtaining an Interest Only Mortgage
I am going to do my best to make sure this is not long winded. I have bought and sold 8 homes in the past 8 years (flip properties) and have been fortunate to make a decent return on every property with the exception...
Craig Fitzsimmons
Interest Only Commercial Loan Options
Hi All!Does anyone have leads on decent interest-only commercial loan options? Appreciate the help!Craig