What About Scott Scheel?
I am a new investor. I want to learn about commercial investing and came across Scott Scheel as a commercial investing guru. Everywhere I look to get information about him and his course is copied from his personal site. Has anyone here been to his bootcamp, purchased his course, or have any knowledge of him?
What good sources of information for creative commercial investing do you know about?
Try the following and see what a real RE investor has to say about "gurus": http://www.johntreed.com/guruletter.html
Um.....Take John T. Reed's advice with a VERY LARGE grain of salt.
He tends to think that Himself and one or two other "gurus" are worth listening to. I'd read info on his site, but take it as fictional or a VERY biased opinion at best.
I agree with hibby76. Take it with a grain of salt.
I am reading a couple of Mr. Reed's books myself. His books are much drier and harder to read than most others....they are kinda like reading text books.
The info. he writes about is basically everything any other guru tries to sell. When it boils down to it, Mr. Reed writes about the same stuff everyone else does. Why he is so down on everyone elso I'll never know.
The monthly payment on a $800,000, 6%, 30 year loan is $4,843.26. If the loan were interest only the monthly payment would be $4,000 even. So on the first month the principle balance is reduced by 843.26. The second month the principle balance is $799,156.74 therefore the principle reduction in month 2 is $4.22 more than in month one. After 359 months the outstanding principle balance is $4,842.26. This is a 30 year amortizing loan.
The principle balance after 60 months (5 years) on this loan is $741,165.67 that is the amount of the balloon payment.