Gere W.
Private vs lender money terms
What are differences typically of private money vs conventional loans terms?
Conventional: 30 yrs, fixed, amount loaned dependent on income + credit
Private: 1-5 yrs?, fixed?, dependent on?
Henry LiChi
Ohio Owner Financing Scenarios
Hi All,I just wanted to get a quick read on a scenario and a general opinion if you would do the following deals. I am contemplating on selling two of my properties via a land contract/owner financing. This is purel...
Eyal Gokovsky
Owner finance amortization
Hi, I have this note, and I'm trying to find out what the Balloon/Final payment would be in the end of 3 yrs term?Also if the borrower decide to "over pay" the $750 a Month, how will I recalculate it?total:$35,000 Sim...
Rhondalette W.
Please advise-15% down or 20% down- gift money issue
I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...
Patrick K.
How do you evaluate STR arbitrage investment?
I was wondering how you evaluate investment with limited or no equities such as STR arbitrage. Since when the lease is up, you have nothing in the deal other than a few years old furniture, whose value would be limite...
Mike Rodrigues
Does this Help or Hurt?
Hi, guys!
I currently live in a home I purchased a year and a half ago its a 3b 2.5ba and I live with my girlfriend and a friend of ours. If I did not live in the house and rented the whole property I could easily g...
Nick Gray
Choosing a Low Down Payment Mortgage: ARM or Fixed?
Hi Everyone, I am in the process of purchasing my first deal, a duplex in Exeter, NH, for $265K. My plan is to house hack by owner-occupying one side with a roommate and (hopefully) living for free. I have just enough...
Ryan Cannedy
FHA Loan and In-School forbearance
Good Evening All!Forgive me if this is the wrong spot for this question.My question is as follows. I am just starting my MBA program and I was wondering if my program last about 3 years, will the student loan be still...
Sam Leon
Late rent - habitual
I have never had someone who pays late all the time.
In the past I had a few tenant late a few days here and there, and even though I have it in the lease a late fee after the 3rd day, I have never enforced i...
Steve Tse
Home Equity line of credit calculation
Hi great minds of BP. 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 interest only paymen...