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Updated over 8 years ago on . Most recent reply

Account Closed
  • New to Real Estate
  • Lakeland FL, United States
8
Votes |
17
Posts

Need advice on my loan terms, please

Account Closed
  • New to Real Estate
  • Lakeland FL, United States
Posted

Hello BC family,

I'm brand new to property investing and am coming close to closing my first deal, ever! My question to everyone is: Does a 20 year amortization, 5 year balloon, 4.25% rate and 20% down sound average for a purchase price of 130k? My strategy is Buy n hold. One person has told me it's a fair deal while another said it's terrible! Not sure what to do.. Using my LLC to purchase the single family home.. Any advice?

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