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Updated over 3 years ago on . Most recent reply

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Kumar Tummalapalli
  • Real Estate Investor
  • Chicago, IL
46
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172
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LLC - interest rate less than 5% possible

Kumar Tummalapalli
  • Real Estate Investor
  • Chicago, IL
Posted

LLC with two members , Buying Investment property

- 20% down payment 

Is it possible to get a loan at interest rate less than 5% ?

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Kumar Tummalapalli with loans of these nature you need to also ask about the OTHER features.  So if the rate is less than 5% but the loan is a 15 year loan, is that ok?  What if it's an adjustable rate loan, has prepayment penalties, etc?  It might be possible to find a 30 year fixed loan but certainly lean on other investors in your area to see who they use. Try posting in that state forum. Bigger Pockets has some great state forums and usually there are good locals that monitor those. Also, try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.

  • Andrew Postell
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