so now that people have had a little time
with 20% down, will getting a mortgage be hard? or is that a big enough down payment that shouldn`t be an issue provided the building is cash flow positive. talking duplex upto 6 plex buildings
would like your thought
well when these new rules go into effect... since it will be harder for most investors to get a mortgage without significant down payment (min 20%) won`t that take a good number of people out of the buying pool. So with less people bidding and with the real issue of higher interest rates being...
what is everyones options if interest rates go up 3-5% over the next 5 years? when the mortgage has to be refinanced? do the numbers still work? should we take that into consideration when putting in an offer?
was thinknig about buying a purely investment property 4-6 plex to start with, been reading a lot and finally called up a local branch of my major bank only to get something no one else has ever mentioned.
little background... currently have my own principal house totally paid off about 6-7...