Seller's side = $1,000/360 = $2.78day & Aug = 29 days + Sep-Dec=120 days = 121 days so $2.78 * 149days = $414.22. $1,000 - $414.22 = 585.78; Buyer's side = $1,000/360 = $2.78 day & Jan-July = 210 days + 1 day = 281 days; 211 days * $2.78 day = $586.58 which is NOT $585.78 so it's a little bit long or short depending on how you look at it. Why is this not checking out correctly? $414.22 + 585.78 = $1,000, but $414.22 + $585.78 = $1,000.80. Subtraction checks out but doing the formula for both sides and adding the results together does not. Why?
Yes. I'm 1 year late on seeing this TH-cam video.... I'm wondering why? Also, I've asked today for Mr Donaldson to perform the seller side of the equation(s) and check the work problem(s).
I must say this cleared it up for me and made it so much simpler. I just went through a mandatory state RE school that cost me quite bit and they made it seem very complex a lot of the class didn't get it. Thanks again.
I want to take my online real estate course but don't wont to waste my my money again. I was so lost the 1st looking for answer to help and still didn't get it but this really helps alot. Thanks
Saun Drayton Assuming that there are 30 days in each month, August to December is 5 months. 5x30 is 150, take away the day at closing of August 1, since that days started with the seller still owing the house, so you subtract that day from 150 and you get 149 days that the buyer is responsible for.
I was confused too. He actually got 149 from the months Aug to Dec (for the buyer). 30(aug) + 30(sep) + 30(oct) + 30(nov) + 30(dec) - 1 day (because august 1st doesnt count for the buyer). Hope this helps!
Finally someone with a logical, simplified explanation, Thank you!
Love your videos they are supper helpful. Not anyone has the gift to teach in such a great way as you do.
Seller's side = $1,000/360 = $2.78day & Aug = 29 days + Sep-Dec=120 days = 121 days so $2.78 * 149days = $414.22. $1,000 - $414.22 = 585.78; Buyer's side = $1,000/360 = $2.78 day & Jan-July = 210 days + 1 day = 281 days; 211 days * $2.78 day = $586.58 which is NOT $585.78 so it's a little bit long or short depending on how you look at it. Why is this not checking out correctly? $414.22 + 585.78 = $1,000, but $414.22 + $585.78 = $1,000.80. Subtraction checks out but doing the formula for both sides and adding the results together does not. Why?
Yes. I'm 1 year late on seeing this TH-cam video.... I'm wondering why? Also, I've asked today for Mr Donaldson to perform the seller side of the equation(s) and check the work problem(s).
Great one question, why 360 day and not 365?
Great teacher
I’m so glad I found this!!!! So helpful thank you!
Thank You! You Explained It In A Short Matter Of Time😉 Simple And Straight To The Point! "Easy Peasy" Love It!
This was awesome! Thank you very much for sharing and simplifying this!
this was very helpful , my class room teacher did not make it this understandable. i finally get !!! thank you so much
I saw many videos and didn’t understand any of them, hopefully I’ll get it with this one. I’m the process of getting my home
Why aren't all math teachers like you? You make it easy and simple thank you!!
The fact of the matter is that Math teachers are nerds and do not have the ability to communicate successfully.
This has helped me understand so much better .
This saved me. Thank you greatly.
Joanna Key well help me 🤷🏾♂️
wow. I finally get it. thank you so much !
I must say this cleared it up for me and made it so much simpler. I just went through a mandatory state RE school that cost me quite bit and they made it seem very complex a lot of the class didn't get it. Thanks again.
Wow thank you !
Thank you. You made it easier
The way you convey is superb mann!!!
Thank you!
where did you get 360 days?
So good! Cleared it up so much! Thank you
OMG! I totally get it now! Thank you for making it soooo easy!!
you made it so much easier to understand. Thank you!!
Thank you for making it so simple.
OMG! You're a genius! This makes so much sense!
humbled thanks :)
Awesome, thanks so much
I want to take my online real estate course but don't wont to waste my my money again. I was so lost the 1st looking for answer to help and still didn't get it but this really helps alot. Thanks
unbelievable again!
I really enjoyed watching your video!!
Thank you I struggle with concepts
This guy looks like Michael Scott. Also, good choice on the Blue mic!
Wow this is so simple now
He is GREAT! I totally get it now!
We appreciate that and check back for episodes.
Brilliant!
This guy is genius.
Great.
Thanks sooo much for simplifying!
how did he find the 149?
how many math formulas are there?
why is it divided by 360 days?
vladimir colas bankers year.
I want to know that as well.
If they ask u to do it in 365 method will this formula work as well?
Because he stated that each month is considered 30 days, so 30 days times 12 months equals 360 days.
Wow
I thought that property taxes were paid in arrears?
Never mind it is different per state… I found my answer
How did he get 149 days?
Saun Drayton Assuming that there are 30 days in each month, August to December is 5 months. 5x30 is 150, take away the day at closing of August 1, since that days started with the seller still owing the house, so you subtract that day from 150 and you get 149 days that the buyer is responsible for.
I am missing something i did it in reverse and it came out to 1,000.80? What am i doing wrong?
I must have missed something, from Jan. to July it is 7 months, how did you get 149?? Thank you very much for your time.
Banker's Calendar. 360 days per year instead of the regular 365.
how did he/ I was having problem with that myself?
I was confused too. He actually got 149 from the months Aug to Dec (for the buyer).
30(aug) + 30(sep) + 30(oct) + 30(nov) + 30(dec) - 1 day (because august 1st doesnt count for the buyer).
Hope this helps!
@@allskatenotalk365 right on Nate thanks for helping the folks
he only has 269 days in the year?
someone needs to tell Donaldson that he doesnt have to scream when he has a mic.
Clu i like the screaming...gets me hyped
Turn down your volume...that's all you have to do. Plus, after this excellent presentation that's all you have to say? Get a Clu...
Clu -kml man 😂😂
Lol perhaps but I live his energy and enthusiasm. It keeps my attention and I hate those other videos where they are so low and monotone...
Technically he has 2 mics visible in this shot..
I had felt the National portion 3 times. 😫😩 by 1 -6-5 questions
why are other people teaching this with the 365 day rule ??? and not even mentioning 360?
Stop screaming. Why isn't there 365 days in a year?
Bc its a bankers year
Why are u screaming at me
149 days times 2.78=413.88 NOT $414.22
149*2.78=$414.22 review ur calculator please
@@nickwonderful7495 hahahha OMG savage but true I calculated it on calculator :D