Your opinion please (Brenda help) (post #1)
Sorry for my stuff up, couldn't work out the posting tricks!
Question for all
How does one cover the downside regarding high interest rates?
Double digit IR are predicted and now warned for the near future.
Using our role model Brenda's inspiring story, (hope you dont mind) 20 houses in 5 years, this is alot of extra payments to meet unless you have excessive cashflow.
Does one work on say 10% IR when first purchasing and put the extra in each houses account in anticipating of it happening?
If so, than how does one manage to still purchase and service these loans?
Of course you can sell, but you would be doing that in a time when others are sinking with you, would rather be ready to grab some bargains and sitting pretty.
What do you do????
Thinking toooo much???
Sorry for my stuff up, couldn't work out the posting tricks!
Question for all
How does one cover the downside regarding high interest rates?
Double digit IR are predicted and now warned for the near future.
Using our role model Brenda's inspiring story, (hope you dont mind) 20 houses in 5 years, this is alot of extra payments to meet unless you have excessive cashflow.
Does one work on say 10% IR when first purchasing and put the extra in each houses account in anticipating of it happening?
If so, than how does one manage to still purchase and service these loans?
Of course you can sell, but you would be doing that in a time when others are sinking with you, would rather be ready to grab some bargains and sitting pretty.
What do you do????
Thinking toooo much???