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2 members • Free
Retirement CASH FLOW
415 members • Free
12 contributions to Retirement CASH FLOW
26d •
Let's dig into a 50 vs 30 year mortgage using a financial calculator
50 Year__________________________________________ 30 Year --------------------------------------------------------------------------------------------------- Purchase price $420,000_________________________ $420,000 Down Payment $42,000__________________________ $42,000 Mortgage Amount $378,000______________________ $378,000 Number of months 600___________________________ 360 Interest Rate 7%__________________________________ 7% Monthly payment $2,274.38_______________________ $2,514.84 👉Total Interest $986,642____________________________ $527,346 👉Interest after 8 Years $209,598_____________________ $201,844 I did this over 8 years because the norm is, people churn out of their financing every 8 to 10 years for various reasons. I realize that if the 50 year carries a higher interest rate then the whole thing blows up! So, to save $240 a month is it all worth it? Please drop a comment below. (After typing this and calculating this manually I could have had AI Spit this out in 20 seconds) Damn!😆
0 likes • 23d
A 50-year mortgage simply offers another option. We already have 40-year mortgages. While the use of a 50-year will find limited use, they still could work in specific situations. Another thought is that most mortgages are in place for about 7 years. No one would hold a 50-year mortgage through the entire term, so the amount on interest one might pay is irrelevant.
Nov 10 •
Back from Note Expo
I just got back from an amazing conference called Note Expo. The conference had amazing speakers talking about current concepts about investing in mortgage notes. Quality conversations about the mortgage note investing industry.
Oct 20 •
Alternative Asset Summit
I just got back from a 3-day Alternative Asset Summit in Scottsdale, AZ. This was hosted by Directed IRA with the emphasis on using your Self-Directed IRA to invest and build Wealth. This is a topic @Mike Ruscica has talked about extensively in this forum. One evening, at a hosted dinner, they had a panel of 3 investors with 8 & 9 figure Roth IRAs. The testimony here is building wealth in your SDIRAs is possible. You can do it, too.
Oct 14 •
Alternative Asset Conference
If anyone in this group is traveling to the Directed IRA Alternative Asset conference in Phoenix Thursday & Friday, let me know. I'd love to meet you.
0 likes • Oct 14
I don't have an affiliate link. But here is a link to the conference. https://altassetsummit.com/?utm_campaign=19412319-Marketing%202025&utm_medium=email&_hsenc=p2ANqtz-9aqjkvde0Mc3UDg5AUCMnG2gc11AzgViwFloVQ6j69gv6_r9vJfZ61qeUswM2BeVxNJUzGC8Ug69ZCBj7hDAAJg4oVzdQ3QYH8SOuO42oCJlbozBc&_hsmi=385163603&utm_content=385163603&utm_source=hs_email
Oct 14 •
Please share What is your plan for retirement
Could be 30 days from now or 30 years. What do you picture for yourself? I want to create a webinar series on your comments below. Thanks!
2 likes • Oct 14
I retired from my day job on October 1. To me, retirement is all about cash-flow. Too many financial planners expect people to live off cash-flow since they start working, either for someone or themselves, then this magical day happens where they are expected to live off assets. I have been preparing for retiring from my day job by acquiring income-producing assets in my SDIRA's. I've also stood up a new Reg D fund where we will be using investor capital to purchase promissory notes secured by real estate, producing good returns for the investors any myself.
1-10 of 12
@cody-cox-6384
I am a Fund Manager for a note fund. We raise capital from accredited investors and use that capital to purchase note pools for our own portfolio.
Active 23d ago
Joined Dec 11, 2024
Salem, OR
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