Show me how to figure rates?! - Posted by Christian Beebe

Real Estate Investing Real Estate Financing
1

Posted by Christian Beebe on September 29, 2003 at 13:26:51:

Is that pretty much the standard when it comes to offer private investors money? Meaning, offering interest only payments for a year? How do you guys structure it?

Thanks

2

Show me how to figure rates?! - Posted by Christian Beebe

Posted by Christian Beebe on September 28, 2003 at 20:49:46:

Okay, so let’s say that I offer a private investor 9% interest only payments for a year with 3 months extra when I payoff the amount at the end. Let’s say the loan is for $100,000.

Will someone please email me or show me here how you figure out what the payments to that investor would be each month, etc.

Also, does anyone have good documents they use when working with private investors?

Thanks,

The Solutions Kid

3

Re: Show me how to figure rates?! - Posted by Dave Murray, Ohio CPA

Posted by Dave Murray, Ohio CPA on September 29, 2003 at 13:23:24:

Interest-only payments are easy:
Monthly Payment = Principal X Rate / 12
So $100,000 X 9% / 12 = $750