OfflineHello DG family,
I had sent Rina a message about some addition helpful tools and doc's I had that my original idea was to add them to the "student resources" section. Then I thought why not make a post and offer it to some members for them to check out to see what they think.
They mostly consist of different bits of helpful info for buying properties and include some financial quizzes with answers for the reader to gain a better understanding on how financing and transactions work.
Just PM me and I'll e mail you the bundle of info for you to sort through and let me know what you think by posting on here.
Here's an example from one of the Quizzes;
The variables used are:
N= number of payment periods used in the calculation
I= Interest rate the seller is earning on the income stream (if any)
PV= Beginning balance on the income stream (always a negative number)
PMT= Amount of the periodic payment
FV= Balloon amount on the income stream (zero if fully amortized)
Question...
Someone would like you to find them a home. They have $2,000.00 to put down, they can make $800.00 monthly payments for the next 30 years and they qualify for a 8% interest rate. What price range will you look for?
N=360 I/YR = 8 PV -109,026. 80-2000 PMT=$800 FV=0
Answer: $111,000
Best regards,
CAM-
John 14:6
Just a quick bump for the thread and as a quick explaination for those that dont want to read the top, I have some great tools that help users understand financing a little better and a few ways to caculate payments and such.
Just PM me and I'll e mail you the tools for you to check out.
Thanks!
CAM-
John 14:6
Hello, sorry I have not been on top of this more, my timehas been very consumed these last few weeks with alot going on.
DG members please feel free to post or PM your e mails so I can let you check out my cash flow tools, FREE of charge.
This site has done alot for me so I want to give back in return. I feel these financial tools will be a great help in understanding the caculation side of things in understandable terms anyone can learn just by reviewing the materials.
Thanks guys!
CAM-
John 14:6
Hello DG family, I still have the cash flow tools on file I'd like to offer FREE of charge to see what you guys think. For an example of them see my first post above.
Just PM me with a contact e mail and I'll send them all over in an attached file for you to download and check out.
All of these tools (as seen above) will help you to understand the cash flow and pricing side of this line of real estate investing and give you an added edge when making deals and doing financing options.
Thanks guys and happy investing!
John 14:6
Sorry I've been away everyone, things have been very busy here. But for those that missed it, see my above posts.
These cash flow tools are a good base to help advance you understanding in this kind of investing.
Thanks and happy investing to all...and Thanksgiving.
John 14:6