I have $340K left on my rental mortgage and I'm refinancing it now.Got 2 options:1). 30 years fixed at 3.70% or $1,565 monthly paymentOR2). 10 years interest only at 3.65% or $1,030 monthly payment.I have no W2, so re...
Guys, lately I've been catching a lot of flack for my last seller finance deal...Our seller offered 5% interest only for 7 years...I jumped at it. But, some people think interest only is dangerous. Pros: - more cashfl...
My perspective is that an Interest only loan would be among the best way for a newbie to start. If you have vacancies or an emergency.
In addition, you have the ability to stack a small emergency reserve amount ea...
Hello, I am looking for some clarity on choosing a loan for a flip and hold investment on a single family home. What do you suggest; Fixed, ARM or Interest Only Loan? Thanks.
I am trying to get interest only loan to scale my portfolio and increase my cash flow. I would refi later . Looking for some inputs. Thanks
I had interest only hard money every month of the year last year, am I able to write it off as regular mortgage interest?
Hi BP, I wanted to ask if anyone has experience with or insight on the ease or difficulty of getting an interest only loan on a commercial multifamily property? What does it usually take for a lender to agree to these...
First a simple question.. Is it true that Interest-only loans are only Commercially backed and more than 750k?Is Seller-financing the only other way? My perspective is that an Interest only loan would be among the bes...
When obtaining an interest only commercial real estate loan, why are there penalties associated with paying the debt off early? What are the pros and cons of both sides and why would anyone do it ? Or not do it for th...
Have you ever considered an interest only loan option? This is can provide investors with more flexibility in cash flow, allowing potential investment in multiple deals at once.