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Updated over 8 years ago,
Buy and hold finance
I have two buy and hold properties financed at a local bank. Both are 5%Apr set up on a 20 year am with a five year balloon. As a newbie I took what I could get. Is this a good deal or a bad deal?
I have been running cash on cash and cap rate numbers on a 15 yr mortgage. Is this a good number to use?