You sure can but if you are holding for long term you are playing a shell game. Paying down the principal will allow you to pull out more equity later.
true, but even if you get a interest only loan you dont have to pay interest only. if you can save 200 dollars a month and take that savings and use it to invest somwhere else than its a good idea I think. plus you should plan on not holding the property forever, short term, say 1 to 5 years.
"you should plan on not holding the property forever, short term, say 1 to 5 years"
Just think if you hang onto just a few properties until you pay them off....cashflow, appreciation, equity, yummy. Now, I'm not saying to hold everything forever, just rebuking the idea of not holding anything for longer than 5 years.
Every property in every area needs to be analyzed for the best appropriet exit strategy. To say that holding a property for 1-5 years or forever is like me telling you that you should drive a honda civic hybrid. What is good for one property isn't good for another.
You sure can but if you are holding for long term you are playing a shell game. Paying down the principal will allow you to pull out more equity later.
true, but even if you get a interest only loan you dont have to pay interest only. if you can save 200 dollars a month and take that savings and use it to invest somwhere else than its a good idea I think. plus you should plan on not holding the property forever, short term, say 1 to 5 years.
That's a pretty broad statement to make,
"you should plan on not holding the property forever, short term, say 1 to 5 years"
Just think if you hang onto just a few properties until you pay them off....cashflow, appreciation, equity, yummy. Now, I'm not saying to hold everything forever, just rebuking the idea of not holding anything for longer than 5 years.
Every property in every area needs to be analyzed for the best appropriet exit strategy. To say that holding a property for 1-5 years or forever is like me telling you that you should drive a honda civic hybrid. What is good for one property isn't good for another.