8 October 2019 | 3 replies
The Debtor owes the Creditor an interest of seven and two-tenths percent (7.2%) per annum onthe Principal Amount or the remainder thereof, payable monthly in advance, for the first time on @over the period since then .b.
7 October 2019 | 2 replies
(I do have enough cash to make 2-3 purchases without this, but thinking ahead for financing after that)_______Property value: $525,000 (bought for 495k in 2015)Renting for 3600/month_______Mortgage Payment (Principal and Interest): $2361.60/monthProperty Tax: 651/monthHOA: 299/monthProperty Management: 0Occupancy: 4% / Tenant Placement: 1 month rent._____ Loan Principal Owing: $286,0003 years into 15yr fixed-rate loan @ 2.75% _____Ideas, thoughts, considerations, links to articles and calcuilators most welcomed.
15 October 2019 | 21 replies
But, you cannot be the principal sponsor in the deal.
16 October 2019 | 8 replies
I also plan to build a small amount of equity by paying an additional $100 - $200 / month towards the principal.
15 October 2019 | 10 replies
Current SFR (Oct 2019):Original Loan Amount: $190k (30 yr fixed VA Loan, 0% Down Payment, 3.375% Interest)Approx Market Value: $200kCurrent Principal Balance: $180k2-Year Projected Numbers (Oct 2021):Projected Market Value: $220k (5% appreciation/year)Projected Principal Balance: $170kDesired House in LA in 2 years: $600kCan't imagine saving up 20% down payment for a normal conventional loan, so which route should I take:Option 1 (Simultaneous 2nd VA Loan) LA County Loan Limit (X): $726,525LA County VA Loan Entitlement (X/4): $181,631VA Loan Entitlement Used (From my current TUS house): -$47,116Remaining VA Loan Entitlement for another House: $134,515So, I can purchase an LA county house with no down payment if it was $538,061 (Entitlement X 4) before needing a down payment.
17 October 2019 | 19 replies
The buyer still wants to buy the property but of course at a deeply discounted price.I contacted the attorney I used to purchased the property and forwarded them the email I was sent from the buyers attorney.The response I received was that they thoroughly disagreed with the claims being made and ironically had recently dealt with this attorney and his buyer.They stated:“Our office has had recent experience with these principals and we believe they may taking a position here that is without a factual or legal basis in order to obtain leverage in your transaction, which they unsuccessfully tried to do in our office's recent transaction with them using long winded emails just like the one below.
17 October 2019 | 4 replies
The only disqualifier is if you work for a HUD listing BrokerAs of now, HUD will not pay a commission to an Agent who is also a Principal in the transaction.
27 October 2019 | 63 replies
Is there any risk whatsoever of losing the entirity of one's principal investment in notes?
19 October 2019 | 1 reply
Here are the details:Property 1: 3.59%, interest only, 237k loan balance.Property 2: 3.39%, Principal + Interest, 400k loan balance.Thanks
18 October 2019 | 3 replies
Sell it through Zillow as principal.