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Updated over 12 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Kyle Pettit
  • Residential Real Estate Broker
  • Wenatchee, WA
3
Votes |
25
Posts

Interest Only Loans: Pros & Cons

Kyle Pettit
  • Residential Real Estate Broker
  • Wenatchee, WA
Posted

Hi Folks, I'm fairly new to RE investing and wanted some input on using interest only mortgages/loans. I currently have 3 properties under contract. Two of the properties I plan to sell within 1-3 years. The third is a duplex unit that will cash flow nicely so I will likely hold that property longer. I'm contemplating doing interest only mortgages on the other two properties to maximize cash flow and stock pile some capital for my next purchase. Are there any downsides to this strategy that I may not be aware of?

Thanks!

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