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Updated over 5 years ago on . Most recent reply

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Kyle Darwin Enriquez
0
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2
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How to BRRRR in a high interest mortgage country?

Posted

I live in the country that where it cost to get loan is really high compared what you can get in the states. A 30 year fixed-rate low is practically non-existent here. Terms are only fixed for the first 10 years and it cost around 8% to 9.5% of interest. Does the math of still work?

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12
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4
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Indro Dhar
  • Rental Property Investor
  • Queens, NY
4
Votes |
12
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Indro Dhar
  • Rental Property Investor
  • Queens, NY
Replied

Don’t know the specifics of the deal, but probably won’t make sense at those rates. Is there any other alternative financing available? @Kyle Darwin Enriquez

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