@Jesse Jaramillo , 3.5% down? The only loan I'm aware of that uses that obscure percentage is an FHA Owner-Occupier Loan. [Why would an O-O be expecting cash profit per month too?]
But sure, many Investors would consider $200/m return on a very low amount invested as a no-brainer. Especially if they wisely sought out an bargain to begin with, and are able to Refinance say a year later to get all their deposit back anyway, so that their $200/m positive cash flow literally becomes: free money! [Who suggested that $200/m, clear, isn't sufficient?] Cheers...
Hey thank you. I just bought a house a few months ago with an fha loan and didn’t think about the different types of loans that would be different for investment properties. That’s why I’m asking questions! Appreciated.
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