Free Private Money & Owner Financing Tools by Richard Roop

Free Private Money & Owner Financing Tools

Yesterday on my weekly coaching call for NAREE Platinum Members I was asked where to find a loan amortization schedule tool. Here are 4 excel spreadsheets that I use plus one great tool available for purchase:

1) Loan_Am_PI creates amortization schedules on loans with both principal and interest payments. Provide to private investors and contract buyers you finance. It can also be used to create a schedule on bank loans you take over “subject to.”

2) Loan_NoPmts_Compounded creates a pay off schedule on loans that accrue and compound with no payments. Use with private lenders or on notes you take back.

3) Loan_NoPmts_Simple creates a pay off schedule on loans that accrue with simple interest and no payments. Use this instead of above tool if interest will not compound.

4) Loan_No_Interest_Pmts creates a pay off schedule on seller carry back notes at 0% interest. Give to sellers at closing when your payments to them are principal only, as we always do using The Ultimate Strategy investing system.

5) The number one tool I use in my business is the Ultimate Profit Generator. It has built in amortization functions for projecting and calculating:
  • Income and amortization on a buyer’s PITI payment to you
  • Payment and pay down on private money used to fund deals
  • Pay down and amortization on loans you take over subject to
  • Pay down on  seller carry back notes at 0% interest
If you do not own the Ultimate Profit Generator, ask about ways to get it for free with purchase or with new NAREE enrollment.
Richard, You are truly unlike others in this field. Really appreciate all your efforts in making your students successful. You are a very generous and giving individual. Thank you!
Roy: May 20, 2011 at 11:12 pm
Thanks Richard for once again unselfishly sharing with us. You are great!
Judi L: April 14, 2011 at 12:39 pm
Loan_Am_PI.xls
151 KB
Loan_No_interest_Pmts.xls
34.5 KB
Loan_No-Pmts_Compounded.xls
30.5 KB
Loan_No-Pmts_Simple.xls
30.5 KB
Free Private Money & Owner Financing Tools .html
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Free Private Money & Owner Financing Tools

Helpful Excel spreadsheets