Propelio Academy Forum

Alone, we can do so little; together, we can do so much. The academy forum is where you’ll meet fellow investors, forge new partnerships, and hone your REI knowledge through active community discussion.

Calculating Profit  

Page 1 / 2
  RSS
Tyler Waldrop
(@tyler)
Trusted Member

[vc_row][vc_column][ultimate_video u_video_url="https://www.youtube.com/watch?v=JzjKEeoHGzQ" yt_autoplay="" yt_sugg_video="" yt_mute_control="" yt_modest_branding="on" yt_privacy_mode="" play_size="75" enable_sub_bar="on" chanel_id_name="channel_id" yt_channel_id="UCh4bDTa5fYRlWvy0zx9Fw9Q" yt_channel_text="Subscribe to Propelio Academy" show_sub_count="on" yt_text_color="#000000"][/vc_column][/vc_row]

This topic was modified 2 years ago by Ryan Harper
Quote
Posted : 17/11/2019 4:39 am
LyshaK
(@lyshak)
Newbie

Thanks so much for providing the links!

ReplyQuote
Posted : 28/11/2019 10:34 pm
MariaG
(@mariag)
Newbie

Amazing value! Thanks

ReplyQuote
Posted : 30/12/2019 7:55 pm
Ljean10
(@ljean10)
Newbie

Is it wiser to have the lot rent included in the note? Why not have the buyer be responsible for it? Is there a history in your experience of tenants/buyers skipping out of lot rent which caused some issues?

ReplyQuote
Posted : 08/01/2020 1:23 am
Daniel Moore
(@danielpropelio-com)
Member Admin

would need to speak with a lawyer for legailities - all i include in the note is the house payment itself. I have a seperate agreement that states they will pay their lot rent to me in escrow and i pay the park directly. I do that to ensure lot rent remains current and I do not have concerns of eviction without my notice and receiving a large differed lot rent bill

ReplyQuote
Posted : 09/01/2020 8:52 pm
Stanley4547
(@stanley4547)
Newbie

Double wide: 3/2 $6,000 with $3,000 in repairs =$9,000 total invested.
$32,000 sell price.
-$4,000 downpayment
= $28,000 loan for 72 months, 12% interest, $547.41 a month plus lot rent of 525. Average rents are $1100-1200.
C on C = (547.41 × 12)÷(9,000-4,000)= 1.31 = 131%

ReplyQuote
Posted : 12/02/2020 6:18 pm
Bpuebla2013
(@bpuebla2013)
Newbie

Thanks for the info legend!
So I have a simple question regarding interest! I understand the calculations perfectly but don't exactly understand interest. So when we calculate the month payments, they are the same throughout the entire lifespan of the note correct? So how exactly does interest fall into the payments? Is it like 9% (for example) of the entire purchase price and then this number is distributed through the 60mo? Hope that makes sense! Just curious so I would be able to confidently explain how interest works to potential buyers

ReplyQuote
Posted : 17/02/2020 4:31 pm
Daniel Moore
(@danielpropelio-com)
Member Admin
Daniel Moore
(@danielpropelio-com)
Member Admin

looks legit from a quick glance

ReplyQuote
Posted : 21/02/2020 3:58 am
SwiftBanks84
(@swiftbanks84)
Newbie

I'm very Grateful for this Academy!!!
How much do you recommend having as starting capital with ability to scale up as a beginner?

ReplyQuote
Posted : 23/02/2020 5:05 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

For mobile homes, at least 5k - but you always have the option to partner with capital.

ReplyQuote
Posted : 28/02/2020 7:53 pm
jmark@sellthathomedfw.com
(@jmarksellthathomedfw-com)
Newbie

Daniel, such a great series man! Appreciate all you do for us, you deserve a statue lol. I always wondered how to comp value of mobile homes, these last two videos cleared that up perfectly. Had a question about incorporating my private lender into this. How have you structured deals with a lender's monthly interest payments due?

ReplyQuote
Posted : 15/04/2020 8:19 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

I have not used a lot of pruvate money on mobiles, but when i did i gave them lien to the property, and then had a promissory note with interest paid to them motnhly for x amoutn of time, and just made sure my income coming in was more than myincome going out.

ReplyQuote
Posted : 16/04/2020 10:13 pm
damieninvests
(@damieninvests)
Newbie

Loving this course so far... so much knowledge, you're like a video mentor. Much appreciated!

ReplyQuote
Posted : 13/05/2020 10:23 pm
Daniel Moore
(@danielpropelio-com)
Member Admin

glad to be a part of the journey!

ReplyQuote
Posted : 14/05/2020 9:31 pm
Page 1 / 2
Share: