Compute the APR, compute the payments of each at the loan PV, compute the FV, then deduct the points and loan cost from the PV, then solve for the interest rate, do that with each alternative.Loan costs are all fees, points required to fund the loan, not appraisal or credit but direct loan expenses.

You see, it seems that you are both posting from the same computer.

Hi - If you can leave your home and are not chained to your desk or computer :wink: --- go check prices!

Lots of memories....Now, being in a real estate related business is a goodthing for you, because you will naturally come intocontact with investors who may hire your companyto do work for some of their properties.Latch onto them and begin to build your network ofcontacts to build your business.

If memory serves me correctly the technical definition of a cap rate is the return an investor would expect in the first 12 months of an investment if they paid all cash for that investment.

My Attorney/CPA has never failed me and he's good about not pushing 1 over the other and at the time I felt that was the better solution considering my business model was to wholesale out my short sales that would create periodic large sums deposited and I'm able to reduce the amount of income tax I have to pay with the s-corp election, I think it's a 1/3-1/3-1/3........1/3 = pay - income taxes = smaller check but less taxes paid.....1/3 = paid dividend and 1/3 is eaten up by expenses.......Now I can be a little off on those, there just from memory.

But sleeping on the air mattress and having to drive into town (8 miles each way) to go to starbucks to use the computer sucks.But next week I'll be back in CO enjoying some cooler weather and the cool $3K downstroke and hoping that this sale "takes".all cash

I computed your P&I payment around $2100/month.

I'm a 19 year-old sophomore with a major in Computer Engineering at the University of Maryland Baltimore County.

This is the property listing. http://commercial.century21.com/listing/617-sumner-ave-humboldt-ia-50548-REN008974124As you can see the current business is a computer repair shop. my initial thoughts where to convert the area into a small cafe.