The shorter the prepayment term has an impact on increasing the rate.4.

-What is the impact to me, by agreeing to this arrangement?

Have you run the numbers on how this will impact your finances in year 3 and beyond?

While you're on the phone or interwebs with them ask about building permits, impact fees, and anything else that is required to be paid for building in on that lot or parcel.  

You can dive into the specifics of that here if you'd like to see why they jumped so high YoY.What I'm saying is, HOAs are a lower entry point of course, can be lucrative if you analyze the deals as traditional long term rentals....BUT, you ultimately have little to no control over specials assessments, HOA fee increases, and even rule and regulation changes that can impact your investment.

As Ben mentioned, if you can reduce your living expenses while paying down mortgage and getting appreciation, then you are probably greatly impacting your net-worth.  

I am going to share 5 updates that caught my eye that I feel will impact a lot, if not all investors in CO.    1. 

Phase I will not impact that but when I put additional parking in for the Phase 2 building I will break that buffer and need the permit.Great thoughts. 

Still shocks me there are people on this earth that will allow someone to take over their loan payments that could impact their credit.

The stress caused by debt can impact your physical health.Pay off your debt.