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No tags for this post.Joint Ventures In Real Estate Development; So How Do They Work?
There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.
Usually the most basis reason reveolves around something you don’t have.
Some of them may be:
1. I own land … have capital & capacity to borrow … but no experience.
2. I have capital & capacity to borrow … partner has land … both have no experience.
No tags for this post.Real Estate Acronym: PITI
When it comes to home ownership and the real estate industry in general, there are so many terms floating around that it’s understandable to want to ignore some of them. With the real estate industry being so big it is also difficult to know every term of the real estate industry. Most times, you can just have an accountant, real estate agent or an attorney handle the complicated terms you don’t understand yourself. But out of all PITI is one of those acronyms you’ll want to take note of and commit to memory, however.
PITI is an important acronym that deals with your home loan payment. It is an acronym for the four types of costs that are associated with your mortgage payment. These are principal, interest, taxes and insurance.
Principal is by and large the most important. It is the original and total amount you spend on the property when you first purchased it. This is what you owe back in mortgage payments on the property, no matter how great of a deal you cut on the actual loan’s terms at the time of closing. The principal is usually paid back in increments, evenly spaced from month to month, although some people choose to pay in bulk at certain times in the mortgage’s term, as well.
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