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Updated over 6 years ago on . Most recent reply

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Donnie Dorman
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Loan repayment and cash flow

Donnie Dorman
Posted
If I get a loan to buy a rental property and fix it up, how will it start making me income until the loan is paid for? Wouldn’t the rent just go to making the payment each month?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,056
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Originally posted by @Donnie Dorman:
If I get a loan to buy a rental property and fix it up, how will it start making me income until the loan is paid for? Wouldn’t the rent just go to making the payment each month?

 Donnie, instead of reading forum posts that are scattered all over the place, you should try to find a book that explains the basics of real estate investing like how it works, why it's better than other forms of investing, how to fund it, how to manage it, etc. A good book to start with would be The Unofficial Guide to Real Estate Investing

  • Nathan Gesner
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The DIY Landlord Book
4.7 stars
165 Reviews

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