I recently attended a local REIA meeting and they were talking about investors should try to always think outside the box. So here's my idea that I would love to hear others opinions on.There is a tri-plex being sold ...
Does anyone know of any lenders offering an I/O product on mixed use? 699K PP, 70 LTV, 3 residential and 2 commercial units in New York.
Does anyone know a bank that offers interest-only HELOC on a rental property? Almost every bank I called to said they only lend on primary residences. Thank you.
What are your thoughts of interest only loans?
I'm under contract on two duplexes (next to each other on the same property so I just call it a quadplex). We are set to close in 2 weeks and we've hit a little snag in the process! We are going with commercial lendin...
I am getting a $205k private loan, interest-only, at 7%. Monthly Payments: $1,195.83Let's say it takes 6 months for repairs and refi. What will I owe to pay off the balance at that 6 month mark?Thanks in advance.
Got into contract a few days ago on a great property for STR. My goal is to maximize cash flow and this property is in a very seasonal market. Therefore an interest only loan would be ideal... problem is, I've only ...
Hi all,
I'm trying to hash out the details of a deal I have. The house is worth $95k, the purchase price is $56k. The seller has agreed to an interest-only loan of $100/month with a 5 year balloon.
My f...
Hi, My name is Chris and I am very new to the exciting world of real estate investing, but I have a keen interest and I am very motivated! Interest-only mortgages are now made available to Canadians by some finance in...
Mastermind Groups can elevate your investing to a whole new level. And BiggerPockets is rolling out a Mastermind group program for Pro and Premium members.We're starting this slowly, trying to match goals and strength...