Posted by John Behle on June 16, 2000 at 19:53:13:
Glad to hear that. Looking forward to seeing everyone in Park City. It’s always nice to meet the people behind the posts. As well as the education, we have some fun activities planned.
Dennis is barbecuing his award winning chicken again on Monday night to kick it off right.
Hey, John, your video tapes work! - Posted by Rosie_FL
Posted by Rosie_FL on June 16, 2000 at 14:33:05:
Hey, John, your video tapes work!
I just returned from an RE attorney’s office, where we gave him info and he’ll draw up the docs to create a second mortgage on a house for which we lent repair money. (a relative)
Using what I learned in the 14 video tapes, I was able to calculate some numbers to help us guide the terms of the loan.
$7,000 borrowed, no payments for 7 years, 200 basis points above Bank Of America’s prime rate with minimum rate of 12% adjusted yearly, then after 7 years the balloon balance is amort’d and paid over 5 years.
Pretty cool, I must say. Can’t wait for Park City. I’m up to tape #4, going thru them for the second time.
Rosie