Erin Wilks
Shady mortgage companies
Hi everyone,I've had my mortgage recently taken over by another company, I've managed to log on to their online portal to see they are charging me three times the interest than the principal and had a quick look on Be...
Tyler Galdes
Tax Impact of Loan Amortization on Rental Property
Hi folks!I'm putting together a Capital Accumulation Comparison (a la What every real estate investor needs to know about cashflow...) and I'm wondering if anyone could explain the tax impact of loan amortization to m...
Bryan Winter
Finance question? How do you come up with the amoritization
I have a home im gonna owner finance 10% down payment of $5000 and 10% interest rate for 10 years. The purchase price is $50,000. Is there a schedule to figure interest daily,monthly, etc do you amortize over 10 yrs ...
Andrew Medici
5-unit property and what the financing would look like
Hey everyone! I wanted to ask the group a question that has been baffling me. You see, I have been looking for a small multifamily in Pittsburgh. I am familiar with the different financing vehicles involved and was se...
Carlos Webel
Owner financed offer and amortization schedule
Dear all,I’m working on a 3/2 SFR rental lead in Houston Metro area. Asking price is 175k$ and I’m coming back with the following 2 offers: a)160k$ cash, no contingenciesb)175k$ Owner financed with 40k$ down and 135k$...
Fred Huynh
Strategy for 1 million line of credit and some cash
Hello fellow biggerpockets members! Long time lurker/reader and first time poster. So I came upon an interesting situation recently. I was saving up to BRRRR my first house until I had a conversation with a friend of...
Seth Williams
Loan Amortization Software
Does anybody know of any good Loan Amortization software solutions out there?I've been using Loan Amortizer Enterprise (loanamortizer.com) on my PC for several years. It's a pretty decent program and it gets the job d...
Marshall Zakarian
What Type Of Loans Should I Inquire About For A 7 Unit Apartment?
I'm Interested in purchasing my first multifamily. It consists of seven units and has a cash flow of about $5500 before all costs.What type of loans should I inquire about? Do most investors just apply at there local ...
Michael Lerch
Down payment for owner finance deal
I have a seller willing to do a seller finance deal on a property they own free and clear. They won't sell it for less than what they put into it around 80k. Seller is open to seller financing but wants a down payment...
David Keys
Monthly Payment decrease when making large payment to principle
So I have had many properties that I had put the typical 20% or 30% down on a 30 Year loan and had a Fixed payment with the bank. When I had extra money or a large commission I would always put large amounts to the p...