Updated over 4 years ago on . Most recent reply
Cash out Refi Nets Me $400k, how to put it to work?
I can put a mortgage on a second home which I own free and clear. I’ll get $400k at 3.85%
I’m a newbie and interested in multi family. How do I invest to be sure the investment can pay the monthly mortgage payment for me? Ideally as a lp with the ability to learn from the GP??
Are their deal structures that for example would pay me out 8% a month to cover the mortgage payment with some extra for cash flow?
My current salary cannot handle another mortgage payment so I need the deal to cover it about 60-90 days in.
Advice is appreciated.....