Calculator Problem – 06/20/2011
You purchase a mobile home for $4000 cash and sell it for $9000 with $1000 down and the balance financed over 4 years at 13%. What is the return on your … Read more
You purchase a mobile home for $4000 cash and sell it for $9000 with $1000 down and the balance financed over 4 years at 13%. What is the return on your … Read more
A good interview with Professor Robert Shiller. As he said, “it’s very hard to forecast”. Nobody knows. http://finance.yahoo.com/blogs/daily-ticker/shiller-housing-could-fall-another-25-harder-predict-112122844.html?sec=topStories&pos=8&asset=&ccode=
If you purchase a house for $150,000 and finance it with a 75% LTV loan at 4 5/8 over 30 years, what will be your payment? (The answer will be … Read more
A homeowner’s insurance policy can either be paid with a one-time payment of $651 or with a payment of $139.41 now and $61.29 for 10 months. If you chose to pay … Read more
What is the difference between $100 invested every month over 10 years at 8% and 16%? (The answer will be posted with the new calculator problem in 2 weeks. Or … Read more
Interesting insights about investing in stocks from James Altucher. A lot of interesting points even if you aren’t investing in staocks. You can read the summary or watch the 6 … Read more
If a property has $23,000 a month in net operating income, what would you pay for an 8 CAP? (The answer will be posted with the new calculator problem in … Read more
Delinquency notices are slowing but there is still a lot of foreclosure inventory in the system. http://www.lpsvcs.com/NewsRoom/Pages/20110328.aspx
You purchase a rental for $25,000 and put another $15,000 into it for repairs. You borrow $40,000 at 8% amortized over 15 years. The house will rent for $1100 a … Read more
Finally some good news from Washington, D.C. On April 5th, the senate passed HR4 (http://www.gpo.gov/fdsys/pkg/BILLS-112hr4enr/pdf/BILLS-112hr4enr.pdf) which will now go to the president which he is expected to allow to become … Read more