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7%-47% Return on Investment secured by newly rehabbed investment real property—you keep 1st mortga
I am a real estate broker. I am an investor. See my website at: http://www.sarealestateinvesting.com
I am offering you a guaranteed monthly return of 7% just like as if you are the bank and I am making a monthly note payment to you. Here are what the first 12 monthly payments would look like on an example 100K, 15 yr loan @7%. Your protection, professional title company closes the deal, records your mortgage. In the event I default you walk into a property with 30-40% equity on the purchase price. You should hope I would default…but the sad fact is that I won’t fail. I have been investing for almost 20 years. I will only accept loans with 15-30 yr amortizations on the loan. See example 15 yr amortization below. You loan me 100K and you get $898.83 back monthly.
15 yr amortization
Summary
Principal borrowed: $100000.00
Annual Payments: 12 Total Payments: 180 (15.00 years)
Annual interest rate: 7.00% Periodic interest rate: 0.5833%
Regular Payment amount: $898.83 Final Balloon Payment: $0.00
Annual Debt Service Constant: 10.7860%
Minimum amortizing payment for this Principal and Interest rate: $583.34
The following results are estimates which do not account for values being rounded to the nearest cent. See the amortization schedule for more accurate values.
Total Repaid: $161789.40
Total Interest Paid: $61789.40
Interest as percentage of Principal: 61.789%
Amortization table: http://www.bretwhissel.net/cgi-bin/amortize
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By Charity34Talley on 2010 07 11
Thanks for your comments.its useful info for me.Real estate chennai
By Kattima on 2010 07 14
good write thanks perfect
By iyye on 2010 07 19