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How to Sublet an Apartment
How to Rent Out Your Home
How to Fill Out a Move-In Checklist
How to Get Construction Financing
How to Obtain a Building Permit
Mastering Real Estate Math
What Are the Advantages of Renting a House?
Tips on Renting an Apartment
Questions to Ask When Renting an Apartment
Pros & Cons of Renting an Apartment
Renting Your First Apartment
Renting an Apartment
What to Expect When Renting an Apartment
What to Ask Before Signing a Lease
Renting a Single Family House
Where to Find Houses for Rent on the Internet
Signing a Lease for an Apartment
Renting Furniture for an Open House
Renting Out a House in Order to Buy Another House
Renting a House
Renting a House Which Is Being Foreclosed
What Criteria Do You Need for Renting a House?
What to Ask When Preparing to Rent a House
Renting a Private House
Renting Out a House
What to Look for When Renting a House
Making an Offer On a House
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Mastering real estate math when buying or selling a house requires understanding amortization tables, pror… More
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Summary: Mastering real estate math when buying or selling a house requires understanding amortization tables, prorated taxes and interest on the loan. Take real estate classes or hire a real estate agent to help with the math using tips from a real estate broker in this free video on real estate.
Penny Smith has been in real estate for more than 14 years. She has a degree in architectural design and has received buyer and seller associate training, as well as CMA Training. She...read more
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"Hello, my name is Penny Smith, and I'm a North Carolina real estate broker. The topic today is how to master real estate math. Well, that's a pretty big topic. And what I have to say is, I highly recommend that you take the real estate courses in order to master the real estate math. There's a lot to the real estate math, from a HUD that is the final form that has all the numbers on it that an attorney would give you at closing. Knowing how to calculate the numbers on that HUD is very tricky. The amortization tables, to prorating the taxes, prorating the...everything on that house. There's lots of different things that are prorated, whether you go back thirty days or go ahead thirty days, that will be on the HUD. For instance, the interest on the loan. The interest on the loan is prorated thirty days in advance because your payment's not due for thirty days....thirty full days till after you closed on that home. The government has to give you...the institution, the mortgage institution must give you thirty days before they charge you for your first payment, or you're going to pay for that interest of those thirty days. It's not free, you don't get that money for free. But you have to prorate it, and you have to amortize it and put it on the HUD. So I highly recommend that you let a real estate attorney help you with that, and trust that they know what they're doing. They have computer programs that do it for you. And that's my recommendations for how to do real estate math. Thank you."
eHow Article: Mastering Real Estate Math
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