Updated over 10 years ago on . Most recent reply
Should buy and hold investors consider balloon loans?
Hello everyone! I am a buy and hold investor and I need some help on what type of financing I should look into. I already have 4 conventional mortgages on my rental homes so I'm looking for a bank that can go beyond 4. Most people I heard on the podcast said I should call local banks. But I found most banks only offer balloon loans, not long term fixed rate mortgage. I just wonder if other buy and hold investors do consider balloon loans? Or I should keep calling until I find someone who can offer a long term fixed rate option?
And if someone knows such a lender in Georgia, please let me know!
Thank you!
Hua