When it comes to marketing land, many investors choose to offer two price points: one for a cash purchase and one for a purchase with financing.
Let’s talk about calculating the terms of a sale with seller financing.
Unless you have the Rainman-esque ability to calculate large numbers in your head on the fly, chances are that you will need a little help determining the monthly payments – especially if there is interest involved.
The Investment Dominator (with its built-in loan calculator) is here to save the day!
After logging into your Investment Dominator app and clicking on “Land Deals” tab, make sure that the property you want to calculate terms for is in the “Complete/Ready to Sell” status.
Then, hover over the ‘Options‘ icon on the right-hand side of the record and click the option that says “Payment Calculator“.
A new window will open. All you have to do is enter in the corresponding information. The first three fields are REQUIRED.
NOTE: The “Taxes/HOA”field refers to the ANNUAL totals for property taxes and HOA fees. The system will prorate these out throughout the year.
After you put in the information (both required and optional), click on the button that says “Calculate Loan Terms” and the system will take care of the rest.