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re: Investment property interest rate?
Posted on 5/16/20 at 3:24 pm to MrJimBeam
Posted on 5/16/20 at 3:24 pm to MrJimBeam
quote:
Didn’t realize people got 30 year loans on investment properties.
absolutely. all mine are. more cash flow. albeit more amortized interest. of course unless paid off early.
This post was edited on 5/16/20 at 3:26 pm
Posted on 5/16/20 at 4:22 pm to Fat Bastard
This is multiple steps out ahead of myself, but good chance I cash out refinance this house when I’m done renovating and have it rented. I still want to secure the best possible loan going in, because plans may change and properties might not pop up in the range I want. I don’t want to refinance unless that money is going directly into another asset. But at the moment I’ve got another house (vacant/abandoned) that is interested in selling. They aren’t very motivated, so I’m hoping they are still around in a few months and still want to sell. I want to snowball this single family rental home thing. With low interest rates I don’t mind the extra leverage on a cash flowing asset. Don’t want to miss out on good properties
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