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From: Steven Darby
Hi all, I am new to the IP scene and since reading the books written by Jan Somers I have become very interested. Although I understand the strategy, I am still thinking that a interest and principle loan would allow for the purchase of property more frequently due to a faster build up of equity in the property. Although the interest only loan provides better tax advantages, I just can't seem to get over the slow build up of equity. If anyone can enlighten me a little further on the benefits of interest only loans, it would be much appreciated.
Thanks
Hi all, I am new to the IP scene and since reading the books written by Jan Somers I have become very interested. Although I understand the strategy, I am still thinking that a interest and principle loan would allow for the purchase of property more frequently due to a faster build up of equity in the property. Although the interest only loan provides better tax advantages, I just can't seem to get over the slow build up of equity. If anyone can enlighten me a little further on the benefits of interest only loans, it would be much appreciated.
Thanks
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