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Updated over 4 years ago, 07/23/2020
Taking advantage of cheap financing.
With loans sub 3% who’s taking advantage of all of this “free“ financing?
And I say free because factoring long-term inflation especially after the last round of stimulus and the next round of stimulus 3% interest is basically free money.
One of the awesome things about HUD financing is you can lock in a sub 3% loan for 40 years and get up to 85% financing if you qualify.
The problem with these kinds of loans could be people overpaying for deals.
What’s your opinion?
Buying everything in sight with this “free“ money?
Or being optimistically cautious about the next phase in the market cycle?
I’d love to hear your opinion and/or strategy,