Hello, I’m a relatively new investor and bought my first property cash and now looking/exploring my options to finance my next deals. I have a deal about to go under contract but would like a lower interest rate than the bank is offering. Thanks In advance!
What’s the interest rate that you are not happy with, and are you doing a buy and hold?
The Lowest interest rate I’ve been able to get (from a local bank) has been 5.24% with 20% down (using some equity). My business plan for my investments are primarily buy and hold. I’m fairly confident in great location and finding good deals. Thanks much!