42 min listen
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ASK MIKE MONDAYS - Interest Only Needed? What you should expect
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ratings:
Length:
6 minutes
Released:
Jul 3, 2017
Format:
Podcast episode
Description
Interest only can certainly help the cash-on-cash returns on your investment. If you are purchasing a broken property- deferred maintenance, bad management, bad occupancy; you need some type of payment relief during times of weak cash flow. Having an interest only period during the renovation is certainly typical for a BRIDGE type of loan. Banks typically don’t like to do lots of interest only…because the bank regulators don't like interest only. Most community banks on bridge loans will only do 6-18 months of interest only during the rehab…then it will modify into a principal and interest payment.
Released:
Jul 3, 2017
Format:
Podcast episode
Titles in the series (100)
Episode 1 - Mac Lawson: Mac Lawson shares with us how he was able to quit his job in the financial services business soon after he started investing in real estate. Mac owns a 176 unit apartment complex and over 50 houses in the DFW area. You will hear how he acquired and... by Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles