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Updated almost 9 years ago,
How to cashflow with 8.25% interest?
Hello guys, I finally find a lender that can do a 45% down, 30 year fixed 8.25% interest rate for me (foreigner nationals). Is there a way that I get any cashflow from that kind of interest? I reside in Atlanta and is looking deals around Atlanta suburbs. But I may consider other areas if it's not possible here. I thought about the fixer-upper strategy but I think it will require too much time from me to supervise it.
Anyway, what is your opinion? Do you have any success with that? I would love to see some examples. And what is the max interest rate that you can cashflow in a repeatable manner?
Thanks!