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Updated almost 7 years ago on . Most recent reply

Josh B.'s profile image
Josh B.'s profile image
Josh B.
  • from Las Vegas, Nevada
  • Member since Apr 8, 2018
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Josh B.'s profile image
Josh B.'s profile image
Josh B.
  • from Las Vegas, Nevada
  • Member since Apr 8, 2018
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Josh B.
  • Las Vegas, NV
0
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3
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General Landlording & Rental Properties

Invest at this interest or pass?

Josh B.
  • Las Vegas, NV
Posted

Hello,

Suppose your only option for getting financed was through a bank statement loan.  Would you buy cashflowing rental properties at 7 to 8 percent interest or would you pass?  Why or why not?

Thank you.

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Joe Villeneuve's profile image
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Joe Villeneuve
  • #4 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve's profile image
Joe Villeneuve's profile image
Joe Villeneuve
  • #4 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,416
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

This tells me nothing.  10% loans could work, or a 3% loan wouldn't.

Need the rest of the numbers first.

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