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re: Is it possible to get a 1 mil real estate loan with 10% down
Posted on 6/22/18 at 8:44 am to Finch
Posted on 6/22/18 at 8:44 am to Finch
quote:
It will cash flow with 3 units rented 85% of the time
IMO cash flow doesn't mean jack here. Who gives a crap about cash flow on a $900k loan.
You should be talking % return here.
Additionally, is that $900k loan enough to remodel?
What kind of rent are you getting on $250k condos?
1
Posted on 6/22/18 at 1:53 pm to baldona
quote:
IMO cash flow doesn't mean jack here. Who gives a crap about cash flow on a $900k loan.
The bank. Cash flow is king when it comes to business lending. The bank also hates income from rental property
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