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Updated about 4 years ago on . Most recent reply

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Kyle L.
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12
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Delaying mortgage payments until the summer

Kyle L.
Posted

I am looking at an investment property on the beach that would make most of its money from May to August with short term rentals. I will possibly be buying it in October, which gives me a number of months with no large income. Are there any creative ways to delay paying a mortgage until the summer? I am doing a 30 year conventional.  

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Wait till spring to buy it or just make a few payments till summer.

Don't buy something where you can't afford to make the payments for a few months with no renters.

  • John Underwood
  • Loading replies...