Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

5
Posts
0
Votes
Liam Bartlett
0
Votes |
5
Posts

Do I only need to repay interest for loan if secured by property?

Liam Bartlett
Posted

Hey everyone :) I'm new to BP so sorry for stupid questions

So I'm 16 and want to start my research into real estate investing, and right now I'm looking into funding an investment. My dad told me the if you get a loan, the bank only wants you to pay back annual interest on that loan. The actual loan amount is secured by the property, so when you sell if you'll need to give the loan amount back. Is this true? If so, is it a smart way to finance a first investment?

Thanks

Liam

Loading replies...