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Updated almost 6 years ago,

Kyle Patterson's profile image
Kyle Patterson's profile image
Kyle Patterson
  • Member since Jan 22, 2019
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5
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2
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Kyle Patterson's profile image
Kyle Patterson's profile image
Kyle Patterson
  • Member since Jan 22, 2019
Connect
Kyle Patterson
2
Votes |
5
Posts
Starting Out

Good investment even for an economic downturn

Kyle Patterson
Posted

I am just starting in Real estate investing. I am trying to buy three properties totaling $155,000. I am buying them with a Commercial loan at 6% for 15 years. Rent will bring in $2050/month. To get the loan I am using 15 acres of my property as collateral for the 20% down. Is this a good deal or is there a better way?

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