Real Estate Math: Mastering Amortization Problems On Your Exam Using The PIP Sandwich

Поделиться
HTML-код
  • Опубликовано: 21 дек 2024

Комментарии • 79

  • @tyewilson9174
    @tyewilson9174 Год назад +11

    I just wanted you to know that you gave me the edge I needed to pass my exam. I PASSED MY REAL ESTATE EXAM 🎉🎉🎉

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      Nice!!! Congratulations 🎊🎉 and thank you for your kind words. What a relief, huh?! 👍

    • @tyewilson9174
      @tyewilson9174 Год назад +2

      Absolutely. But you are really gifted at what you do. Now it's time to get to work building a career. Now I walk into my gift and have it make room for me to live my best life. 🎉😊

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      @@tyewilson9174 thank you. Best of luck to you on your career in real estate.

  • @Dr.CorneliaKratzer
    @Dr.CorneliaKratzer Год назад +8

    Ok I am officially hooked! Going through every single video on this channel!

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      Thank you. I appreciate the support 🤓🫶

  • @Deesaigh
    @Deesaigh 14 дней назад

    You’re adorable, Thank you for being on my screen teaching and uplifting our knowledge.❤❤❤❤❤

    • @JustCallMaggie
      @JustCallMaggie  14 дней назад +1

      @@Deesaigh Thank you. So sweet. Best of luck to you!! 🤓🫶

  • @JenniferAvila-o5x
    @JenniferAvila-o5x 11 месяцев назад +1

    Making these math problems so much easier ,thank you for all your help will be suggesting you to everyone who like me needs help !

    • @JustCallMaggie
      @JustCallMaggie  11 месяцев назад

      Thank you so much. Glad to hear my teaching is helping you.

  • @heathercalhoun9209
    @heathercalhoun9209 4 месяца назад +1

    Maggie, my most sincerest appreciation and a huge thankyou on math especially.
    Passed Both my exams in texas yesterday. I JUST WAS NOT GETTING IT! Your bubbly personality I relate to and your help was what gave me the confidence. forever grateful Heather

    • @JustCallMaggie
      @JustCallMaggie  4 месяца назад

      @@heathercalhoun9209 love this!!! Congratulations on passing your exam. This is great!! Thank you so much for your kind words. I truly appreciate you. Best of luck on your real estate career 🤓🫶

  • @jewlchamp6844
    @jewlchamp6844 6 месяцев назад +2

    Passed my tests yesterday in Illinois… I watched many many many many many of your videos loll thanks so much! You’re a great instructor ❤

    • @JustCallMaggie
      @JustCallMaggie  6 месяцев назад +1

      Wow!!! Excellent job 👏👏👏 Congratulations 🥳🥳🥳 Thank you for your support. Best of luck to you on your real estate career!!!

  • @MariShinMari
    @MariShinMari 27 дней назад

    Hi Maggie, I wish I would've found you earlier to buy your lessons :( you have helped me a lot with the math with your videos. Even though I didn't get to purchase it I will recommend you to anyone around me who wishes to do real estate. My exam is tomorrow in KY and I know I will pass on the 1st try.

    • @JustCallMaggie
      @JustCallMaggie  26 дней назад

      @@MariShinMari awesome!! Thank you so much. I appreciate your support. Best of luck to you on your exam. Keep me posted 🤓🫶

  • @jvieira3807
    @jvieira3807 3 месяца назад

    Thanks so much for the easy step by step chart and formula instructions. Definitely a huge help! :)

    • @JustCallMaggie
      @JustCallMaggie  3 месяца назад +1

      @@jvieira3807 Thank you. Glad to help

  • @noelmiles7322
    @noelmiles7322 2 месяца назад

    Thank you for this video,I am in the state of Massachusetts and they give us the entire chart. Didn't understand the chart the 1st time.

    • @JustCallMaggie
      @JustCallMaggie  2 месяца назад

      @@noelmiles7322 glad to help. Good luck with your exam.

  • @breatheinpeace1315
    @breatheinpeace1315 Год назад +2

    Thank you so much I was so happy when I got the last problem right on my own you have helped me tremendously I take my exam on the 20th thank you so much

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      Thank you! I’m so happy to help. Good luck to you. Keep me posted please 🙏

    • @shamiawashington
      @shamiawashington Год назад +1

      She is amazing! I’ve watched so many real estate math videos that just didn’t help! I’m glad I came across her videos and actually excited to do some math for my exam lol!

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      @@shamiawashington Thank you so much. I appreciate that and I’m glad to hear my videos helped you.

  • @lisaromano5290
    @lisaromano5290 2 месяца назад

    I take my pre license exam Monday and my biggest obstacle was math and your systems are amazing. I hope your school is doing well because you are a great teacher

    • @JustCallMaggie
      @JustCallMaggie  2 месяца назад +1

      @@lisaromano5290 best of luck to you. You got this! Thank you so much. 😊

  • @infinitypromotionsgroupllc5403
    @infinitypromotionsgroupllc5403 11 месяцев назад +2

    This was so easy the way you taught it.

  • @superman10282
    @superman10282 7 месяцев назад

    Just as I said in a previous comment and video, great material! Straightforward and direct and simple to follow.

  • @nakeamorris25
    @nakeamorris25 Год назад +1

    Another great video! You broke this down in such nice and easy steps. Keep the videos coming!

    • @JustCallMaggie
      @JustCallMaggie  Год назад +1

      Thank you so much. I really appreciate the feedback 🤓

  • @Bhannahable
    @Bhannahable 10 месяцев назад +1

    Ok. You made this super easy but the problem I am having is one that doesn't list the rate but it wants you to find the difference in between the monthly payments.
    Amortized loan for 140,000. The savings and loan will give him the loan for 15yrs at 5% or for 30yrs at 6%. To the nearest dollar, what is the difference between monthly payments for these two loans?
    It states to use amortization table but it didn't give one with the question

    • @JustCallMaggie
      @JustCallMaggie  10 месяцев назад +1

      Thanks. Was that on your exam? Or is this a practice question?

    • @Bhannahable
      @Bhannahable 10 месяцев назад

      @@JustCallMaggie it's a practice exam question here in Tennessee

    • @JustCallMaggie
      @JustCallMaggie  10 месяцев назад +1

      @@Bhannahable you probably won’t see anything that difficult on the exam. I mean, I could be wrong.

    • @Bhannahable
      @Bhannahable 10 месяцев назад

      @@JustCallMaggie the answer was 267 and I guessed it but I forgot how I even got close. Smh

    • @JustCallMaggie
      @JustCallMaggie  10 месяцев назад +1

      @@Bhannahable there are a lot of steps to work out that problem.

  • @sherrirmorton11
    @sherrirmorton11 Год назад +1

    OMG! where have you been??!!! Thank you so very much!! I don’t feel so anxious about math anymore. I’m taking my test next Saturday., October 21st! I hope that I can remember all of these formulas by then! 🙂

    • @JustCallMaggie
      @JustCallMaggie  Год назад +1

      You're too cute. Good luck on your exam. Keep me posted!!

    • @sherrirmorton11
      @sherrirmorton11 Год назад

      @@JustCallMaggie Thanks! Will do!

  • @ladymendize5080
    @ladymendize5080 19 дней назад

    I passed today on my first try. Your videos help. 12.2.24

    • @JustCallMaggie
      @JustCallMaggie  19 дней назад

      @@ladymendize5080 congratulations! So happy for you. Thank you for your support 🤓🫶

  • @Cheersbliss2013
    @Cheersbliss2013 Год назад +1

    Hi Maggi! Thank for your help. Please how can we use amortization chart table to solve real estate maths questions

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      This is a great idea for a video. Basically just find the payment factor in the table then divide the loan amount by $1000 then multiply it by the payment factor. That total will give you the principal and the interest amount. I can make a video about this. Thank you for the idea.

  • @stephaniegeorge2605
    @stephaniegeorge2605 Год назад +1

    HI Maggie! Thank you so much for everything you do, I would be so lost without your help! Is there a place to download blank templates for all of the different T methods and others like the pip sandwich?

    • @JustCallMaggie
      @JustCallMaggie  Год назад +1

      I have an e-workbook for the T-method that breaks it all down. The PIP sandwich I do not have broken down, yet, but I have practice questions in the e-workbook that you can practice with. The e-workbook covers the simple interest formula. I am in the process of creating a volume 2 of the e-workbook that will have more on amortization and the PIP sandwich. Thank you so much for your kind words.

  • @Cheersbliss2013
    @Cheersbliss2013 Год назад +1

    You are welcome. The table chat always comes out in Ohio real estate exams.

  • @gweenbeemisunklol4434
    @gweenbeemisunklol4434 6 месяцев назад

    I passed first trial. Thank you so much for your valuable materials. 🎉

    • @JustCallMaggie
      @JustCallMaggie  6 месяцев назад

      That’s great!! Congratulations 🥳🥳

  • @Deebabby94
    @Deebabby94 8 месяцев назад

    I was wondering instead of doing ( I = P * R * T) it looks like in the second problem you ended up doing (I = P * R / T)? Just so I know how to make my notes to understand/ memorize.

    • @JustCallMaggie
      @JustCallMaggie  8 месяцев назад

      You can do that but only if T = 1/12. In example 2, I just skipped the step where I multiplied by 1/12, because it’s the same as dividing by 12.

  • @lenacake1526
    @lenacake1526 2 месяца назад

    Miss Maggie, I have a question … could you explain to me why is it that we are dividing the time if the equation is multiplication?

    • @JustCallMaggie
      @JustCallMaggie  2 месяца назад

      @@lenacake1526 not sure what you’re referring to. Can you tell me which problem?

    • @lenacake1526
      @lenacake1526 2 месяца назад

      @@JustCallMaggie The first step in the PRT Equation.. after plugging in the numbers.

    • @JustCallMaggie
      @JustCallMaggie  2 месяца назад +1

      @@lenacake1526 oh I see. Ok bc you have to convert time into years, so if it’s one month it becomes 1/12. So it’s basically the same as dividing by 12. If that’s what you mean.

    • @lenacake1526
      @lenacake1526 2 месяца назад

      Ok got it 👍🏾, thank you .

  • @Briandaherring22
    @Briandaherring22 24 дня назад

    Great vid!

    • @JustCallMaggie
      @JustCallMaggie  24 дня назад +1

      @@Briandaherring22 Thank you so much 😊

  • @aishabrown1578
    @aishabrown1578 3 месяца назад

    The third question threw me off how come we used the annual interest rate instead of the monthly interest rate ?

    • @JustCallMaggie
      @JustCallMaggie  3 месяца назад +1

      @@aishabrown1578 you will always use the annual interest rate but don’t forget to divide by 12 so you find the monthly amount

    • @aishabrown1578
      @aishabrown1578 3 месяца назад

      @@JustCallMaggie thanks so much for replying , I had divided the 7.2 annual interest by 12 to get the monthly and did it that way. I came up with 0.006 for the monthly interest rate for that question. That’s the only question too that said annual interest all the other questions just said interest.

    • @JustCallMaggie
      @JustCallMaggie  3 месяца назад

      @@aishabrown1578 oh I see! Good job. 👏

  • @tyewilson9174
    @tyewilson9174 Год назад +1

    Gurl you are dayum good at what you do🎉🎉🎉

    • @JustCallMaggie
      @JustCallMaggie  Год назад

      Thank you doll. Appreciate that. Thanks for passing by 😎

  • @JustCallMaggie
    @JustCallMaggie  Год назад

    Want to learn more about housing and total obligations ratios? Click here to check it out: ruclips.net/video/qTLjhzQ7GF0/видео.html

  • @carlajimenez9153
    @carlajimenez9153 8 месяцев назад

    Thank you so much! I’m currently taking the classes and the math wasn’t matching for me, but now this formula make SO much sense! ❤️

    • @JustCallMaggie
      @JustCallMaggie  8 месяцев назад

      Glad to help! Best of luck to you. Thank you for your support.

  • @knowen32
    @knowen32 11 месяцев назад

    Thank you!

    • @JustCallMaggie
      @JustCallMaggie  11 месяцев назад

      You’re too sweet. Thank you 😊

  • @elenadevilliers1781
    @elenadevilliers1781 Год назад +1

    Making a hard concept seem easy

  • @generoland5032
    @generoland5032 2 месяца назад

    👍🏾

  • @elenadevilliers1781
    @elenadevilliers1781 Год назад +2

    😊❤

  • @daniyaalkhan6945
    @daniyaalkhan6945 9 месяцев назад

    I felt hungry after u mention the pip sandwich 😂🫣

    • @JustCallMaggie
      @JustCallMaggie  9 месяцев назад

      Hehehe that’s cute. I’m always hungry 😋