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Updated almost 9 years ago, 12/31/2015
Unlimited private money
What would you seasoned investors do if you had unlimited private money with the following terms:
5% down
6% interest
7 year balloon
25 year am
I'm just starting out with some education and some property management mentorship but no real experience.
I'm planning on house hacking a 4-plex, but then what's the strategy? Would you make sure you have more equity before buying another property? Partner with someone who is more experienced and bring the money?
Refinancing with the same lender is possible, but perhaps not on the same terms, but still very good terms relative to the lending market and CD/bond market at the time of refinance.
Any thoughts are welcome.
Thanks.