Software to keep track of Loans/Notes Interest Rates/Pmts

6 posts by 3 users

Medium 1399308243 avatar cucaloco Steve L.
Investor from Rancho Cucamonga, CA
1293 Posts
614 Votes
11 Awards

Steve L.

Investor from Rancho Cucamonga, California

Apr 22 '11, 04:57 AM


I have a group of smaller investors that give me loans on a per project basis or into my business and we negotiate different scenarios for everyone.

They're all parties I have an existing relationship with, so I am not pooling money or violating any financing laws.

- One party gets a 60k 1st Trust Deed and prepay 6 mo interests, can renew it as long as I prepay in chunks

- One party already has 50k invested at X% and sends in another 10k at the same rate, there normal due day is the 15th and the check came on the 21st.

- Etc

I am currently using excel to track all of this and we use Quickbooks for the account. Is there a software program or excel template that is built to track investors, their returns, etc.

It'd be great if there is a program that could show all the upcoming payments, their due dates. I could add funds, it would calculate interest owed and consolidate to the same payment date and allow me to print a statement to show the math.

Anyone heard of anything that does this?



Medium 1448397352 avatar bryanhancock Bryan Hancock
Investor from Round Rock, TX
7995 Posts
3289 Votes
24 Awards

Bryan Hancock

Investor from Round Rock, Texas

Apr 22 '11, 05:08 AM
1 vote


Check out TValue:

TValue

This was recommended on another thread....not sure if it does what you are looking to do, but I suspect it does.



Medium realstarter2Bryan Hancock MBA, RealStarter
E-Mail: [email protected]
Telephone: (512) 980-0070
Website: http://www.realstarter.co


Medium 1434903723 avatar wakeproperties Chris Martin
Investor from N Topsail Beach, NC
3442 Posts
1235 Votes
12 Awards

Chris Martin

Investor from N Topsail Beach, North Carolina

Apr 22 '11, 08:20 AM


I have in the past done my own loan "servicing" for company seller financed property. I/we used a page on the company web site, accessed via SSL and password protected, that shows all relevant loan information. At this point (per company resolution passed 1/2011), I am no longer going to use home grown solution(s). Instead I am going to use a third party company to service all notes we originate. For us, the cost of third party servicing is low relative to the benefits.



Steve L.

Investor from Rancho Cucamonga, California

Apr 22 '11, 08:21 AM


It looks like TValue makes you setup a different file for each loan/lender. I am looking for something that can provide a summation of all my active loans, as well as what TValue does.

So I don't miss any balloon payments, or special payment due dates.

TValue looks great if it could now only summarize each loan on a detailed screen. Does anyone know if it does?



Bryan Hancock

Investor from Round Rock, Texas

Apr 22 '11, 09:16 AM


They have a support line Steve...I would call them and ask for a demo. I bet they can give you one via Webex or some such.



Medium realstarter2Bryan Hancock MBA, RealStarter
E-Mail: [email protected]
Telephone: (512) 980-0070
Website: http://www.realstarter.co


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