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Updated over 9 years ago on . Most recent reply
Does this type of financing term exist?
I would like to borrow a sum of money whereby I pay the interest monthly or quarterly, and pay the full principle back at maturity along with the final interest payment.
For example, a 5% monthly-pay $100K loan for 5 years would be paid back as follows: 60 $416.67 monthly interest payments, plus the return of $100K on the 60th month.
Do the above terms (forgetting the interest rate) exist anywhere? If so, where?
BTW, this payment scheme is how a typical fixed-rate bullet bond contractually pays.
Thanks.
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@Craig N.
Private lender IRA money is available but you need to recruit it. And it takes time and it's not easy. I keep saying this over and over, you should be looking for motivated sellers and private lender money all day long. Getting Cash Buyers and owner financing Buyers is not that hard.
Without private lender money and joint venture money you really can't do real estate
Google "TRUST.ETC private lender concept"
Buy the book by Patrick Rice on Amazon called "iRA Wealth"
Center of influence marketing works well, I hand that book to CPAs and financial planners
You can use that book to create a PowerPoint presentation
Be careful of SEC rules on marketing a security
One my favorite sayings is,
"don't diversify your investments and Wall Street,
diversify by having some money in Wall Street and some money in Main Street,
do you want something crazy issue in China or the price of oil to drop your mutual funds by 20%?
You won't get those swings on Main Street Real Estate"