Patrick Tondo
Licensed Real Estate Broker Acting as Principal
I hold an active Calif Real Estate Brokers license, but I am a corporate pilot and have not performed any professional real estate services in over 10 years. When purchasing an owner-occupied residence for my family ...
Corbin Lane
Does Principal Reduction affect Capital Gains calculation?
During the 08 crisis I qualified for a HAMP loan mod that included a large principal reduction as my home was 50% below purchase price. I also had filed bankruptcy around the same time, and later found out that the le...
Brandon Hicks
$10k in monthly principal and interest payments!
I'll be closing a $345k 12 unit tomorrow and that will put me at just under $10k a month in total principal and interest payments on my 42 units. I'll continue to build my portfolio, but that's a decent number to thin...
Tom Walrod
Capital gains if no principal is paid?
We want to do right by our property manager and ourselves. We own a multi free and clear and want to get it into his hands, but also want some income till we die. If we sold the multi to him for no money down and 5% i...
David Walkotten
What was your principal paydown in 2019?
Curious to know you guys’ principle pay down for the year. How does that relate to the amount and type of debt you have? I calculated my net worth gain from my amortization schedules - multiplied by my equity percenta...
Anthony Stamper
Seller Financing Interest Only vs Principal Only
I'm new to this, especially looking at multiple option offers. What is the best way to present interest only and principal only options to the seller without insulting them or making me look like the novice that I am...
Bobby McGibbs
Miami: Commercial Real Estate Broker & Principal
Hello BP community, My name is Bobby McGiboney and I am a Commercial Real Estate Broker & Principal located in Miami, FL. I look forward to connecting and networking with like-minded professionals. Hopefully we ...
Mona Azad
buying investment property on principal residence HE
Good morning BP, I am just wondering if it is a good idea to use your home equity (principal residence) to buy an investment property when you are starting out or is it too risky? For last 7 years, we have poured ever...
Lem Diaz
Thoughts on Principal Curtailment Refinancing (Primary Res)?
For the last 1.5 years I've been refinancing my primary residence every 4 months. Curious to get BP member's thoughts on this. Disclaimer...I'm new at RE investing...go easy on me.The Setup (one cycle's worth): I ref...
Gabriel Parker
Buying down interest vs paying down principal?
Hello all at BiggerPockets! I am new to the site and I am looking to pick some brains. My girlfriend and I are looking at buying our first home in the Pensacola, Florida area and I have a series of questio...