All Forum Posts by: Andrew Neaville

@Logan Hassinger 

Thanks for the input, Logan! I do have a question about your P&I point. Why would you just calculate the interest? If I wanted to hold for the maturity of the loan, should I not calculate both? Also, I understand as the life of the note goes on, the more the principal would be rather than interest, but are you not collecting both of these as cash flow? Once again, thanks for answering my questions! I am just trying to learn as much as I possibly can before purchasing my first note!

Thanks for the help, Dan! I have seen a few of your notes on Paperstac!! What is a good servicing company, and how much do they charge?

I am new to note investing, and I am wanting to start buying notes. How do you find the percent return on your money? I am doing it this way, but I am not sure if it is correct. I am using a financial calculator. These numbers are just made up. 

1) The purchase price of the note is $20,000 (plug this value in to the PV key)

2) The number of payments remaining is 204 (plug this value in to the N key)

3) The total monthly payment is $584 (plug this in to the pmt key) (Do I use the total monthly payment or just the principal and interest payment??????)

4) Solve for the I/YR (this would yield a 34.94% return)

Also, if anybody would be willing to message me and allow me to ask questions, I would greatly appreciate it!

Hello! I am new to real estate investing and the BRRRR method. I am confused on how you will repay the loan after you refinance the house? Do you use the monthly rent money? Also, wouldn't the monthly payments be higher after the new appraisal of the rehabbed house? I get that the main point of this method is to use other peoples money, and you do not have any money in the game. Does the 'repeat' part just mean that you go on to the next house and start another deal with another investor? I know these are probably simple question, but I just can't wrap my head around it! Thanks for the help!