Interests only investments
Hi everybody.
Here is my first post, I have been reading the forum for the last 2 weeks now and find a lot of resources very helpful.
I am interested to know from experienced investors if it is a good solution to buy an investment property with an interest only mortgage ? and if lenders would lend to investors 20 or 30 years "interest only". Of course I would not keep a property with an interest only mortgage for a long time. I would probably keep the property a maximum of five years, would probably have more cash in my pocket every month and since the first years of a mortgage you pay mostly interests, paying off the principal does not seem that interesting.
Is it possible and / or recommended or I am just out of my mind ?
Thank you in advance for your advices.