I'm currently interested in a property to set up as a rental. So I let my private lender know about the property and he found it interesting as well. How would I go mathematically paying my lender his loan back per month?
@Carlos Cuervo so how are you analysing the property. You need a spreadsheet or a rental calculator. Real estate is all about numbers. How does your private party want to get paid? Interest rate? Fully amortized? Interest only? Call? Have a smart phone go to the app store and download a mortgage calculator. BP has calculators you can use for free up to 5 times. There are some spreadsheets in the files section.