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Updated almost 3 years ago on . Most recent reply

User Stats

110
Posts
91
Votes
Ezra Henderson
  • Wadsworth, OH
91
Votes |
110
Posts

A Weird Question

Ezra Henderson
  • Wadsworth, OH
Posted

Hey BP! I have a question for you guys. If you had a loan from a private lender for $300,000, but the lender wanted monthly payments of $1,750 for the next 30 years at which point the loan would be paid off in full, how would you spend the money?

This probably sounds like an unusual situation… but it’s one that I find myself in and now I’m unsure of what the best way to spend the money would be.

I know the answer completely depends on my goals, but if YOU were in this position what would YOU do?

Would you just buy one or two properties cash? Or would you divide the 300k into a bunch of down payments on multiple properties? Or what other ideas do you have?

Thanks a bunch!

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